Looking to diversify beyond JFIIX? The mutual funds below have the lowest correlation with JFIIX — 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 JFIIX.
Best Diversifiers for JFIIX
9 mutual funds have low correlation with JFIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.01 | 0.08 | 80 | Bank Loan | JFIIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 98 | Bank Loan | JFIIX vs CAPIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.13 | 0.16 | 0.22 | 63 | Mid Cap Blend Equities | JFIIX vs JECIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.16 | — | — | 94 | Long-Short | JFIIX vs JAKRX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.17 | 0.21 | 0.25 | 95 | Multistrategy | JFIIX vs JAAAX |
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