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JHancock Diversified Macro Fund (JDJIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund pursues its investment objective by utilizing a multi-asset, quantitatively-driven investment strategy that seeks to provide exposure to diversified sources of return. The manager will allocate the fund's assets across a range of asset classes comprising equities, fixed income, foreign currencies, and commodities. The fund is generally intended to have a low correlation to the equity and bond markets.

Looking to diversify beyond JDJIX? The mutual funds below have the lowest correlation with JDJIX — 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 JDJIX.

Best Diversifiers for JDJIX

8 mutual funds have low correlation with JDJIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of 0.04, down from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PCBAX
BlackRock Tactical Opportunities Fund0.040.190.17
62
Macro TradingJDJIX vs PCBAX
ARBNX
The Arbitrage Fund Class Institutional0.170.160.12
97
Event DrivenJDJIX vs ARBNX
EGRAX
Eaton Vance Global Macro Absolute Return Advantage...0.180.100.08
97
Macro TradingJDJIX vs EGRAX
BILPX
BlackRock Event Driven Equity Fund0.180.110.09
55
Event DrivenJDJIX vs BILPX
JECIX
John Hancock Variable Insurance Trust Mid Cap Inde...0.230.230.20
63
Mid Cap Blend EquitiesJDJIX vs JECIX
See all 22 diversifiers for JDJIX

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Diversification Analysis

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