Looking to diversify beyond JFCIX? The mutual funds below have the lowest correlation with JFCIX — 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 JFCIX.
Best Diversifiers for JFCIX
3 mutual funds have low correlation with JFCIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock California Municipal Bond Fund (TACAX) (Municipal Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock California Municipal Bond Fund | 0.20 | 0.19 | 0.14 | 64 | Municipal Bonds | JFCIX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.23 | 0.17 | 0.13 | 53 | High Yield Muni | JFCIX vs JHTFX | |
| JHancock Infrastructure Fund | 0.24 | 0.39 | 0.52 | 58 | Energy Equities | JFCIX vs JEEIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.19 | 0.15 | 70 | Large Cap Blend Equities | JFCIX vs SVPFX | |
| John Hancock Funds Emerging Markets Debt Fund | 0.43 | 0.35 | 0.35 | 82 | Emerging Markets Bonds | JFCIX vs JMKIX |
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