Looking to diversify beyond JNGTX? The mutual funds below have the lowest correlation with JNGTX — 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 JNGTX.
Best Diversifiers for JNGTX
6 mutual funds have low correlation with JNGTX (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 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.03 | 0.04 | 0.09 | 71 | Short-Term Bond | JNGTX vs JNSTX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.17 | 0.34 | 0.50 | 59 | Health & Biotech Equities | JNGTX vs JAGLX | |
| Janus Henderson Global Life Sciences Fund | 0.17 | 0.35 | 0.50 | 59 | Health & Biotech Equities | JNGTX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.17 | 0.35 | 0.50 | 58 | Health & Biotech Equities | JNGTX vs JFNAX | |
| Janus Henderson Absolute Return Income Opportuniti... | 0.24 | 0.16 | 0.20 | 92 | Nontraditional Bonds | JNGTX vs JUCIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JNGTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JNGTX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.73, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.73 | 0.78 | 0.81 | 76 | Technology |
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