Looking to diversify beyond JANWX? The mutual funds below have the lowest correlation with JANWX — 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 JANWX.
Best Diversifiers for JANWX
1 mutual funds have low correlation with JANWX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.27, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.27 | 0.37 | 0.53 | 51 | Global Equities | JANWX vs CSUAX | |
| Janus Henderson Global Life Sciences Fund | 0.45 | 0.55 | 0.64 | 59 | Health & Biotech Equities | JANWX vs JNGLX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.58 | 0.69 | 76 | Global Equities | JANWX vs RTXAX | |
| Polaris Global Value Fund | 0.52 | 0.64 | 0.73 | 92 | Global Equities | JANWX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.55 | 0.52 | 0.65 | 86 | Global Equities | JANWX vs FMIEX |
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