Looking to diversify beyond JARTX? The mutual funds below have the lowest correlation with JARTX — 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 JARTX.
Best Diversifiers for JARTX
2 mutual funds have low correlation with JARTX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Short Duration Flexible Bond Fund (JNSTX) (Short-Term Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.11 | 0.07 | 0.11 | 71 | Short-Term Bond | JARTX vs JNSTX | |
| Janus Henderson Absolute Return Income Opportuniti... | 0.30 | 0.20 | 0.23 | 92 | Nontraditional Bonds | JARTX vs JUCIX | |
| Janus Henderson Global Life Sciences Fund | 0.30 | 0.46 | 0.58 | 59 | Health & Biotech Equities | JARTX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.30 | 0.45 | 0.58 | 59 | Health & Biotech Equities | JARTX vs JAGLX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.30 | 0.46 | 0.58 | 58 | Health & Biotech Equities | JARTX vs JFNAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JARTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JARTX and solid risk/return profiles. The least correlated is Edison International (EIX) (Utilities) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Edison International | -0.10 | 0.06 | 0.17 | 90 | Utilities |
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