Looking to diversify beyond FRBAX? The mutual funds below have the lowest correlation with FRBAX — 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 FRBAX.
Best Diversifiers for FRBAX
1 mutual funds have low correlation with FRBAX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.24 | — | — | 81 | Long-Short | FRBAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.31 | 0.43 | 0.54 | 93 | Multistrategy | FRBAX vs JAAAX | |
| JHancock Infrastructure Fund | 0.35 | 0.40 | 0.48 | 56 | Energy Equities | FRBAX vs JEEIX | |
| John Hancock Balanced Fund | 0.40 | 0.48 | 0.56 | 88 | Diversified Portfolio | FRBAX vs SVBAX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.42 | 0.47 | 0.57 | 65 | Large Cap Blend Equities | FRBAX vs JFIVX |
See all 10 diversifiers for FRBAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FRBAX
Add FRBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FRBAX