Looking to diversify beyond JCCIX? The mutual funds below have the lowest correlation with JCCIX — 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 JCCIX.
Best Diversifiers for JCCIX
5 mutual funds have low correlation with JCCIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock California Municipal Bond Fund (TACAX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock California Municipal Bond Fund | 0.13 | 0.13 | 0.09 | 65 | Municipal Bonds | JCCIX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.16 | 0.11 | 0.09 | 55 | High Yield Muni | JCCIX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.18 | 0.12 | 0.10 | 69 | Municipal Bonds | JCCIX vs TAMBX | |
| JHancock Short Duration Bond Fund | 0.29 | 0.22 | 0.21 | 76 | Short-Term Bond | JCCIX vs JSNIX | |
| JHancock Infrastructure Fund | 0.30 | 0.42 | 0.52 | 56 | Energy Equities | JCCIX vs JEEIX |
See all 81 diversifiers for JCCIX
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