Looking to diversify beyond JESTX? The mutual funds below have historically moved differently from JESTX, 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 JESTX
2 mutual funds have low correlation with JESTX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.00, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.00 | 0.09 | 0.31 | 82 | Infrastructure Equities, Energy Equities | JESTX vs JEEIX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.29 | 0.42 | 0.56 | 54 | Mid Cap Value Equities | JESTX vs JVMIX | |
| ARK Venture Fund | 0.37 | 0.51 | — | 98 | Technology Equities | JESTX vs ARKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.39 | — | — | 94 | Long-Short | JESTX vs JAKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.44 | 0.50 | 0.66 | 58 | Technology Equities | JESTX vs GTTIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JESTX
Add JESTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JESTX