Looking to diversify beyond JFRDX? The mutual funds below have the lowest correlation with JFRDX — 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 JFRDX.
Best Diversifiers for JFRDX
2 mutual funds have low correlation with JFRDX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Global Life Sciences Fund (JNGLX) (Health & Biotech Equities) with a 1Y correlation of 0.23, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Global Life Sciences Fund | 0.23 | 0.43 | 0.57 | 91 | Health & Biotech Equities | JFRDX vs JNGLX | |
| T. Rowe Price Health Sciences Fund | 0.28 | 0.47 | 0.61 | 68 | Health & Biotech Equities | JFRDX vs PRHSX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.36 | 0.44 | 0.52 | 55 | Diversified Portfolio | JFRDX vs VWINX | |
| Baron Partners Fund | 0.50 | 0.58 | 0.68 | 75 | Large Cap Growth Equities | JFRDX vs BPTRX | |
| ICON Equity Fund | 0.54 | 0.58 | 0.70 | 76 | Large Cap Growth Equities | JFRDX vs IOLZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JFRDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JFRDX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.27 | -0.07 | 0.11 | 50 | Consumer Defensive | |
| Electronic Arts Inc. | 0.09 | 0.27 | 0.38 | 95 | Communication Services | |
| FedEx Corporation | 0.19 | 0.28 | 0.42 | 97 | Industrials | |
| eBay Inc. | 0.26 | 0.25 | 0.44 | 82 | Consumer Cyclical | |
| Apple Inc | 0.36 | 0.46 | 0.63 | 90 | Technology |
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