Looking to diversify beyond JMGRX? The mutual funds below have the lowest correlation with JMGRX — 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 JMGRX.
Best Diversifiers for JMGRX
0 mutual funds have low correlation with JMGRX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Global Technology and Innovation Fund Class I (JATIX) (Technology Equities) with a 1Y correlation of 0.55, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Global Technology and Innovation F... | 0.55 | 0.65 | 0.77 | 79 | Technology Equities | JMGRX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.55 | 0.65 | 0.76 | 80 | Technology Equities | JMGRX vs JGLTX | |
| Janus Global Technology and Innovation Fund | 0.56 | 0.65 | 0.76 | 79 | Technology Equities | JMGRX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.56 | 0.65 | 0.77 | 79 | Technology Equities | JMGRX vs JNGTX | |
| Tanaka Growth Fund | 0.60 | 0.68 | 0.75 | 54 | Mid Cap Growth Equities | JMGRX vs TGFRX |
See all 14 diversifiers for JMGRX
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