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John Hancock Funds II Emerging Markets Fund (JEVNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks long-term capital appreciation. The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in companies associated with emerging markets designated from time to time by the Investment Committee of the manager. These emerging markets (Approved Markets) may include frontier markets (emerging markets countries in an earlier stage of developement). The adviser may invest up to 10% of its total assets in shares of other investment companies that invest in one or more Approved Markets, although the adviser intends to do so only where access to those markets is otherwise significantly limited.

Looking to diversify beyond JEVNX? The mutual funds below have the lowest correlation with JEVNX — 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 JEVNX.

Best Diversifiers for JEVNX

0 mutual funds have low correlation with JEVNX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.53, down from 0.71 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.530.630.71
87
Emerging Markets DiversifiedJEVNX vs ESCIX
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.570.680.76
92
Emerging Markets DiversifiedJEVNX vs EMPTX
DEMIX
Delaware Emerging Markets Fund0.610.670.77
98
Emerging Markets DiversifiedJEVNX vs DEMIX
JVLIX
John Hancock Funds Disciplined Value Fund0.620.570.60
85
Large Cap Value EquitiesJEVNX vs JVLIX
WAEMX
Wasatch Emerging Markets Small Cap Fund0.650.610.68
62
Emerging Markets DiversifiedJEVNX vs WAEMX
See all 24 diversifiers for JEVNX

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