Looking to diversify beyond JNGLX? The mutual funds below have historically moved differently from JNGLX, 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 JNGLX
1 mutual funds have low correlation with JNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Discovery Fund Class R6 (ODIIX) (Small Cap Growth Equities) with a 1Y correlation of 0.28, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Discovery Fund Class R6 | 0.28 | 0.49 | 0.61 | 64 | Small Cap Growth Equities | JNGLX vs ODIIX | |
| Capital World Growth and Income Fund Class R-6 | 0.33 | 0.51 | 0.61 | 72 | Global Equities | JNGLX vs RWIGX | |
| Janus Henderson Global Equity Income Fund | 0.40 | 0.47 | 0.56 | 86 | Dividend, Foreign Large Cap Equities | JNGLX vs HFQAX | |
| Fidelity Low-Priced Stock Fund Class K | 0.43 | 0.55 | 0.60 | 77 | Mid Cap Value Equities | JNGLX vs FLPKX | |
| Janus Henderson U.S. Dividend Income Fund Class D | 0.46 | 0.58 | — | 82 | Dividend | JNGLX vs JDDVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JNGLX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.17, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.17 | 0.25 | 0.40 | 89 | Technology | |
| United Parcel Service, Inc. | 0.28 | 0.38 | 0.43 | 73 | Industrials |
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