Looking to diversify beyond JFCIX? The mutual funds below have historically moved differently from JFCIX, 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 JFCIX
4 mutual funds have low correlation with JFCIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.18, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.18 | 0.36 | 0.51 | 80 | Infrastructure Equities, Energy Equities | JFCIX vs JEEIX | |
| JHancock Real Estate Securities Fund | 0.20 | 0.44 | 0.56 | 73 | REIT | JFCIX vs JIREX | |
| John Hancock California Municipal Bond Fund | 0.25 | 0.18 | 0.15 | 68 | Municipal Bonds | JFCIX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.30 | 0.16 | 0.14 | 68 | High Yield Muni | JFCIX vs JHTFX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.38 | 0.18 | 0.16 | 96 | Large Cap Blend Equities | JFCIX vs SVPFX |
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