Looking to diversify beyond JEEIX? The mutual funds below have the lowest correlation with JEEIX — 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 JEEIX.
Best Diversifiers for JEEIX
21 mutual funds have low correlation with JEEIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Variable Insurance Trust Science & Technology Trust (JESTX) (Technology Equities) with a 1Y correlation of 0.01, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Variable Insurance Trust Science & Te... | 0.01 | 0.11 | 0.32 | 87 | Technology Equities | JEEIX vs JESTX | |
| Permanent Portfolio Aggressive Growth Portfolio | 0.16 | 0.29 | 0.45 | 65 | Large Cap Blend Equities | JEEIX vs PAGRX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.16 | 0.37 | 0.52 | 66 | Small Cap Value Equities | JEEIX vs JESVX | |
| John Hancock Variable Insurance Trust Total Stock ... | 0.20 | 0.33 | 0.51 | 72 | Large Cap Blend Equities | JEEIX vs JETSX | |
| Needham Aggressive Growth Fund Institutional Class | 0.21 | 0.29 | 0.41 | 93 | Small Cap Growth Equities | JEEIX vs NEAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JEEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JEEIX and solid risk/return profiles. The least correlated is GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | 0.15 | 0.22 | 0.22 | 92 | Industrials |
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