Looking to diversify beyond JNGTX? The mutual funds below have historically moved differently from JNGTX, 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 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 0.07, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.07 | 0.03 | 0.09 | 82 | Short-Term Bond | JNGTX vs JNSTX | |
| Janus Henderson Global Life Sciences Fund | 0.10 | 0.31 | 0.47 | 92 | Health & Biotech Equities | JNGTX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class A | 0.10 | 0.31 | 0.47 | 91 | Health & Biotech Equities | JNGTX vs JFNAX | |
| Janus Henderson Global Real Estate Fund | 0.10 | 0.30 | 0.45 | 55 | REIT | JNGTX vs JERIX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.11 | 0.31 | 0.48 | 91 | Health & Biotech Equities | JNGTX vs JAGLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JNGTX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.72, roughly unchanged from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.72 | 0.77 | 0.81 | 56 | Technology |
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