John Hancock Diversified Income Fund (HEQ) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HEQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEQ
HEQ charges 0.02% annually. No mutual funds in the Diversified Portfolio category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Highland Funds I - Highland Opportunities and Inco... | 0.02% | — | Jan 2000 | HEQ vs HFRO | |
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | HEQ vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | HEQ vs PALDX | |
| Dimensional Managed Account Fund | 0.03% | — | Mar 2012 | HEQ vs DMA | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | HEQ vs TSAIX |
Best Risk-Adjusted Alternatives to HEQ
HEQ has a PortfoliosLab risk / return rank of 75. There are 121 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | HEQ vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | HEQ vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | HEQ vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | HEQ vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | HEQ vs FSRRX |
Top Performing HEQ Alternatives (YTD)
HEQ is at 10.77% YTD. There are 52 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Highland Funds I - Highland Opportunities and Inco... | 31.15% | — | Jan 2000 | HEQ vs HFRO | |
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | HEQ vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | HEQ vs IOEZX | |
| Hood River New Opportunities Fund Institutional Cl... | 17.95% | — | — | HEQ vs HRNOX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | HEQ vs TIBIX |
Lowest Volatility Alternatives to HEQ
HEQ has 11.29% 1-year volatility. There are 443 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | HEQ vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | HEQ vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | HEQ vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | HEQ vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | HEQ vs CSTAX |
Lowest Drawdown Alternatives to HEQ
HEQ has a 1-year max drawdown of -6.92%. There are 345 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | HEQ vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | HEQ vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | HEQ vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | HEQ vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | HEQ vs CSTAX |
Other Mutual Funds from John Hancock
The 10 most viewed John Hancock mutual funds shown here include SVBAX, JAAAX, JVMIX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| John Hancock Balanced Fund | Diversified Portfolio | 86 | 9.73% | — | Oct 1992 | HEQ vs SVBAX | |
| John Hancock Funds Alternative Asset Allocation Fu... | Multistrategy | 96 | 6.31% | — | Jan 2009 | HEQ vs JAAAX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | Mid Cap Value Equities | 54 | 14.20% | — | Jun 1997 | HEQ vs JVMIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | Large Cap Blend Equities | 60 | 9.15% | — | Nov 2012 | HEQ vs JFIVX | |
| John Hancock Premium Dividend Fund | Dividend | 14 | 6.22% | — | Dec 1989 | HEQ vs PDT | |
| John Hancock Funds Disciplined Value Fund | Large Cap Value Equities | 86 | 17.35% | — | Jan 1997 | HEQ vs JVLIX | |
| John Hancock International Dynamic Growth Fund | Foreign Large Cap Equities | 26 | 12.26% | — | May 2019 | HEQ vs JIJIX | |
| John Hancock Bond Fund | Intermediate Core-Plus Bond | 22 | -0.74% | — | Nov 1973 | HEQ vs JHNBX | |
| John Hancock Tax-Advantaged Dividend Income Fund | Dividend | 48 | 13.77% | — | Feb 2004 | HEQ vs HTD | |
| John Hancock Fundamental Large Cap Core Fund | Large Cap Blend Equities | 16 | 1.91% | — | Oct 1984 | HEQ vs TAGRX |
Often Compared With HEQ
Investors most often compare HEQ with STEW, CMUVX, ZTR. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare HEQ with Any Fund or Stock
Compare HEQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEQ with funds that move differently
John Hancock Diversified Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEQ.
Explore HEQ Diversifiers