Looking to diversify beyond FRBAX? The mutual funds below have historically moved differently from FRBAX, 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 FRBAX
3 mutual funds have low correlation with FRBAX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.21 | — | — | 94 | Long-Short | FRBAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.26 | 0.41 | 0.52 | 96 | Multistrategy | FRBAX vs JAAAX | |
| JHancock Infrastructure Fund | 0.29 | 0.38 | 0.46 | 82 | Infrastructure Equities, Energy Equities | FRBAX vs JEEIX | |
| John Hancock Balanced Fund | 0.36 | 0.47 | 0.55 | 86 | Diversified Portfolio | FRBAX vs SVBAX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.37 | 0.45 | 0.56 | 60 | Large Cap Blend Equities | FRBAX vs JFIVX |
See all 13 diversifiers for FRBAX
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