Looking to diversify beyond JNSTX? The mutual funds below have the lowest correlation with JNSTX — 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 JNSTX.
Best Diversifiers for JNSTX
10 mutual funds have low correlation with JNSTX (below 0.3), 2 of which are negatively correlated. The least correlated is Janus Global Technology and Innovation Fund (JAGTX) (Technology Equities) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Global Technology and Innovation Fund | -0.01 | 0.04 | 0.09 | 78 | Technology Equities | JNSTX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | -0.01 | 0.04 | 0.09 | 78 | Technology Equities | JNSTX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.01 | 0.04 | 0.09 | 79 | Technology Equities | JNSTX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.02 | 0.04 | 0.09 | 78 | Technology Equities | JNSTX vs JNGTX | |
| DFA Short-Duration Real Return Portfolio | 0.08 | 0.18 | 0.29 | 99 | Short-Term Bond | JNSTX vs DFAIX |
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