Looking to diversify beyond JANWX? The mutual funds below have historically moved differently from JANWX, 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 JANWX
3 mutual funds have low correlation with JANWX (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 0.09, down from 0.60 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 | 0.09 | 0.46 | 0.60 | 70 | Quality Factor, Global Equities | JANWX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.20 | 0.34 | 0.51 | 79 | Infrastructure Equities, Global Equities | JANWX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.29 | 0.43 | 0.59 | 66 | Infrastructure Equities, Global Equities | JANWX vs FGIAX | |
| Janus Henderson Global Life Sciences Fund | 0.36 | 0.51 | 0.62 | 92 | Health & Biotech Equities | JANWX vs JNGLX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.37 | 0.57 | 0.69 | 53 | Global Equities, Low Volatility | JANWX vs SVTAX |
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