Looking to diversify beyond JANRX? The mutual funds below have the lowest correlation with JANRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JANRX.
Best Diversifiers for JANRX
1 mutual funds have low correlation with JANRX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Short Duration Flexible Bond Fund (JNSTX) (Short-Term Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.17 | 0.14 | 0.14 | 71 | Short-Term Bond | JANRX vs JNSTX | |
| Janus Henderson Absolute Return Income Opportuniti... | 0.39 | 0.26 | 0.27 | 92 | Nontraditional Bonds | JANRX vs JUCIX | |
| Janus Henderson Multi-Sector Income Fund | 0.43 | 0.31 | 0.26 | 71 | Multisector Bonds | JANRX vs JMUIX | |
| Janus Henderson Global Life Sciences Fund | 0.46 | 0.56 | 0.64 | 59 | Health & Biotech Equities | JANRX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.46 | 0.56 | 0.64 | 58 | Health & Biotech Equities | JANRX vs JFNAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JANRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JANRX and solid risk/return profiles. The least correlated is BlackRock, Inc. (BLK) (Financial Services) with a 1Y correlation of 0.54, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock, Inc. | 0.54 | 0.58 | 0.67 | 52 | Financial Services |
Build a portfolio that complements JANRX
Add JANRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JANRX