Looking to diversify beyond JESIX? The mutual funds below have historically moved differently from JESIX, 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 JESIX
1 mutual funds have low correlation with JESIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.17, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.17 | 0.36 | 0.50 | 82 | Infrastructure Equities, Energy Equities | JESIX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.45 | — | — | 94 | Long-Short | JESIX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.45 | — | — | 94 | Long-Short | JESIX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.50 | 0.61 | 0.69 | 96 | Multistrategy | JESIX vs JAAAX | |
| Hennessy Cornerstone Growth Fund | 0.56 | 0.73 | 0.77 | 53 | Small Cap Blend Equities | JESIX vs HFCGX |
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