Looking to diversify beyond JEQAX? The mutual funds below have historically moved differently from JEQAX, 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 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) (Infrastructure Equities) with a 1Y correlation of 0.05, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.05 | 0.28 | 0.47 | 82 | Infrastructure Equities, Energy Equities | JEQAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.37 | 0.31 | 0.31 | 94 | Long-Short | JEQAX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.38 | — | — | 94 | Long-Short | JEQAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.40 | 0.62 | 0.72 | 96 | Multistrategy | JEQAX vs JAAAX | |
| Chase Growth Fund Institutional Class | 0.42 | 0.65 | 0.75 | 80 | Large Cap Growth Equities | JEQAX vs CHAIX |
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