Looking to diversify beyond JANRX? The mutual funds below have historically moved differently from JANRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JANRX
3 mutual funds have low correlation with JANRX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.13, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.13 | 0.48 | 0.64 | 68 | Quality Factor, Global Equities | JANRX vs GQFPX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.19 | 0.13 | 0.14 | 75 | Short-Term Bond | JANRX vs JNSTX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.42 | 0.56 | 74 | Infrastructure Equities, Global Equities | JANRX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.35 | 0.48 | 0.63 | 58 | Infrastructure Equities, Global Equities | JANRX vs FGIAX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.35 | 0.51 | 0.61 | 92 | Health & Biotech Equities | JANRX vs JFNAX |
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