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
4 mutual funds have low correlation with JFCIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Real Estate Securities Fund (JIREX) (REIT) with a 1Y correlation of 0.21, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.21 | 0.44 | 0.56 | 53 | REIT | JFCIX vs JIREX | |
| JHancock Infrastructure Fund | 0.21 | 0.38 | 0.52 | 75 | Energy Equities | JFCIX vs JEEIX | |
| John Hancock California Municipal Bond Fund | 0.22 | 0.19 | 0.15 | 75 | Municipal Bonds | JFCIX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.25 | 0.17 | 0.14 | 77 | High Yield Muni | JFCIX vs JHTFX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.19 | 0.15 | 95 | Large Cap Blend Equities | JFCIX vs SVPFX |
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