Looking to diversify beyond JGMNX? The mutual funds below have the lowest correlation with JGMNX — 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 JGMNX.
Best Diversifiers for JGMNX
0 mutual funds have low correlation with JGMNX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.32, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.32 | 0.60 | 0.78 | 72 | Small Cap Growth Equities | JGMNX vs QISGX | |
| Janus Global Technology and Innovation Fund | 0.59 | 0.64 | 0.75 | 72 | Technology Equities | JGMNX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.64 | 0.75 | 72 | Technology Equities | JGMNX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.59 | 0.64 | 0.75 | 73 | Technology Equities | JGMNX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.64 | 0.75 | 72 | Technology Equities | JGMNX vs JNGTX |
See all 65 diversifiers for JGMNX
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