Looking to diversify beyond JGLTX? The mutual funds below have historically moved differently from JGLTX, 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 JGLTX
7 mutual funds have low correlation with JGLTX (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 0.07, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.07 | 0.02 | 0.09 | 82 | Short-Term Bond | JGLTX vs JNSTX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.10 | 0.30 | 0.47 | 91 | Health & Biotech Equities | JGLTX vs JAGLX | |
| Janus Henderson Global Life Sciences Fund | 0.10 | 0.30 | 0.47 | 92 | Health & Biotech Equities | JGLTX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.10 | 0.30 | 0.47 | 91 | Health & Biotech Equities | JGLTX vs JFNAX | |
| Janus Henderson Global Real Estate Fund | 0.12 | 0.29 | 0.45 | 55 | REIT | JGLTX vs JERIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JGLTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.06 | -0.01 | 0.17 | 77 | Utilities | |
| Prologis, Inc. | 0.03 | 0.19 | 0.33 | 90 | Real Estate | |
| Thermo Fisher Scientific Inc. | 0.14 | 0.23 | 0.38 | 65 | Healthcare |
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