Looking to diversify beyond JECIX? The mutual funds below have historically moved differently from JECIX, 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 JECIX
3 mutual funds have low correlation with JECIX (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 0.14, roughly unchanged from 0.21 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 | 0.14 | 0.16 | 0.21 | 53 | Bank Loan | JECIX vs JFIIX | |
| JHancock Infrastructure Fund | 0.19 | 0.38 | 0.53 | 82 | Infrastructure Equities, Energy Equities | JECIX vs JEEIX | |
| John Hancock High Yield Municipal Bond Fund | 0.22 | 0.16 | 0.12 | 80 | High Yield Muni | JECIX vs JHTFX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.42 | — | — | 94 | Long-Short | JECIX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.42 | 0.34 | 0.34 | 94 | Long-Short | JECIX vs JAKVX |
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