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Janus Henderson Global Life Sciences Fund (JNGLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that the portfolio manager believes have a life science orientation. In the fund's pursuit of companies with a life science orientation, the fund has a fundamental policy to normally invest at least 25% of its total assets in securities of companies that are categorized in the "life sciences" sector.

Looking to diversify beyond JNGLX? The mutual funds below have the lowest correlation with JNGLX — 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 JNGLX.

Best Diversifiers for JNGLX

4 mutual funds have low correlation with JNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Global Technology and Innovation Fund (JAGTX) (Technology Equities) with a 1Y correlation of 0.17, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
JAGTX
Janus Global Technology and Innovation Fund0.170.340.50
72
Technology EquitiesJNGLX vs JAGTX
JGLTX
Janus Henderson VIT Global Technology and Innovati...0.170.350.50
73
Technology EquitiesJNGLX vs JGLTX
JATIX
Janus Henderson Global Technology and Innovation F...0.170.350.50
72
Technology EquitiesJNGLX vs JATIX
JNGTX
Janus Henderson Global Technology and Innovation F...0.170.350.50
72
Technology EquitiesJNGLX vs JNGTX
FNCMX
Fidelity NASDAQ Composite Index Fund0.310.430.56
56
Large Cap Growth EquitiesJNGLX vs FNCMX
See all 20 diversifiers for JNGLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JNGLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNGLX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.19, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.190.270.40
88
Technology

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Diversification Analysis

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