Looking to diversify beyond JEQAX? The mutual funds below have the lowest correlation with JEQAX — 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 JEQAX.
Best Diversifiers for JEQAX
1 mutual funds have low correlation with JEQAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.12, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.12 | 0.31 | 0.48 | 56 | Energy Equities | JEQAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.37 | — | — | 80 | Long-Short | JEQAX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.37 | — | — | 81 | Long-Short | JEQAX vs JAKVX | |
| One Rock Fund | 0.41 | 0.62 | 0.74 | 87 | Large Cap Growth Equities | JEQAX vs ONERX | |
| Fidelity SAI U.S. Momentum Index Fund | 0.45 | 0.66 | 0.73 | 74 | Large Cap Growth Equities | JEQAX vs FUMIX |
See all 25 diversifiers for JEQAX
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