Looking to diversify beyond JANVX? The mutual funds below have historically moved differently from JANVX, 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 JANVX
0 mutual funds have low correlation with JANVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.41, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.41 | 0.61 | 0.77 | 71 | Small Cap Growth Equities | JANVX vs QISGX | |
| Needham Small Cap Growth Fund | 0.77 | 0.80 | 0.83 | 80 | Small Cap Growth Equities | JANVX vs NESGX | |
| Needham Small Cap Growth Fund Institutional | 0.77 | 0.80 | 0.83 | 81 | Small Cap Growth Equities | JANVX vs NESIX | |
| Oberweis Micro Cap Fund | 0.77 | 0.85 | 0.87 | 79 | Small Cap Growth Equities | JANVX vs OBMCX | |
| Franklin Small Cap Value Fund | 0.79 | 0.84 | 0.83 | 73 | Small Cap Value Equities | JANVX vs FRVLX |
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