Looking to diversify beyond JDIAX? The mutual funds below have the lowest correlation with JDIAX — 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 JDIAX.
Best Diversifiers for JDIAX
0 mutual funds have low correlation with JDIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.41, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.41 | 0.53 | 0.65 | 63 | Foreign Large Cap Equities | JDIAX vs IVFIX | |
| Janus Henderson Global Technology and Innovation F... | 0.61 | 0.61 | 0.65 | 53 | Technology Equities | JDIAX vs JATIX | |
| Janus Global Technology and Innovation Fund | 0.61 | 0.61 | 0.65 | 53 | Technology Equities | JDIAX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.62 | 0.61 | 0.65 | 53 | Technology Equities | JDIAX vs JNGTX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.62 | 0.61 | 0.65 | 52 | Technology Equities | JDIAX vs JGLTX |
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