Looking to diversify beyond JESVX? The mutual funds below have historically moved differently from JESVX, 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 JESVX
2 mutual funds have low correlation with JESVX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.11, 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 | 0.11 | 0.34 | 0.50 | 82 | Infrastructure Equities, Energy Equities | JESVX vs JEEIX | |
| Aegis Value Fund Class I | 0.26 | 0.39 | 0.49 | 94 | Small Cap Value Equities | JESVX vs AVALX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.35 | — | — | 94 | Long-Short | JESVX vs JAKVX | |
| Palm Valley Capital Fund Investor Class | 0.36 | 0.50 | 0.55 | 73 | Small Cap Value Equities | JESVX vs PVCMX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.36 | 0.28 | 0.28 | 94 | Long-Short | JESVX vs JAKRX |
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