Looking to diversify beyond JEEIX? The mutual funds below have historically moved differently from JEEIX, 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 JEEIX
36 mutual funds have low correlation with JEEIX (below 0.3), 1 of which are negatively correlated. The least correlated is John Hancock Funds Floating Rate Income Fund (JFIIX) (Bank Loan) with a 1Y correlation of -0.02, down from 0.14 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 | -0.02 | 0.05 | 0.14 | 53 | Bank Loan | JEEIX vs JFIIX | |
| John Hancock Variable Insurance Trust Small Cap St... | 0.10 | 0.31 | 0.46 | 53 | Small Cap Growth Equities | JEEIX vs JESGX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.11 | 0.34 | 0.50 | 75 | Small Cap Value Equities | JEEIX vs JESVX | |
| John Hancock Variable Insurance Trust Total Stock ... | 0.14 | 0.31 | 0.50 | 57 | Large Cap Blend Equities | JEEIX vs JETSX | |
| John Hancock Variable Insurance Trust Small Cap In... | 0.17 | 0.36 | 0.50 | 85 | Small Cap Blend Equities | JEEIX vs JESIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JEEIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of 0.13, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | 0.13 | 0.20 | 0.20 | 76 | Industrials |
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