Looking to diversify beyond GOIGX? The mutual funds below have the lowest correlation with GOIGX — 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 GOIGX.
Best Diversifiers for GOIGX
0 mutual funds have low correlation with GOIGX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.33, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.33 | 0.47 | 0.59 | 58 | Energy Equities | GOIGX vs JEEIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.53 | 0.61 | 0.68 | 69 | Mid Cap Blend Equities | GOIGX vs JECIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.65 | — | — | 83 | Long-Short | GOIGX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.65 | — | — | 82 | Long-Short | GOIGX vs JAKRX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.69 | 0.73 | 0.74 | 94 | Multistrategy | GOIGX vs JAAAX |
See all 11 diversifiers for GOIGX
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