Looking to diversify beyond JCCIX? The mutual funds below have historically moved differently from JCCIX, 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 JCCIX
6 mutual funds have low correlation with JCCIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Floating Rate Income Fund (JFIIX) (Bank Loan) with a 1Y correlation of 0.18, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Floating Rate Income Fund | 0.18 | 0.19 | 0.23 | 53 | Bank Loan | JCCIX vs JFIIX | |
| John Hancock California Municipal Bond Fund | 0.18 | 0.14 | 0.10 | 75 | Municipal Bonds | JCCIX vs TACAX | |
| JHancock Municipal Opportunities Fund | 0.22 | 0.13 | 0.11 | 65 | Municipal Bonds | JCCIX vs TAMBX | |
| John Hancock High Yield Municipal Bond Fund | 0.23 | 0.13 | 0.10 | 80 | High Yield Muni | JCCIX vs JHTFX | |
| JHancock Infrastructure Fund | 0.25 | 0.40 | 0.51 | 82 | Infrastructure Equities, Energy Equities | JCCIX vs JEEIX |
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