Looking to diversify beyond JANVX? The mutual funds below have the lowest correlation with JANVX — 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 JANVX.
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 0.32, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.32 | 0.62 | 0.78 | 72 | Small Cap Growth Equities | JANVX vs QISGX | |
| Janus Global Technology and Innovation Fund | 0.59 | 0.65 | 0.75 | 72 | Technology Equities | JANVX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.65 | 0.76 | 72 | Technology Equities | JANVX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.59 | 0.65 | 0.75 | 73 | Technology Equities | JANVX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.65 | 0.76 | 72 | Technology Equities | JANVX vs JNGTX |
See all 24 diversifiers for JANVX
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