Looking to diversify beyond JFIIX? The mutual funds below have historically moved differently from JFIIX, 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 JFIIX
12 mutual funds have low correlation with JFIIX (below 0.3), 2 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 -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.12 | -0.01 | 0.08 | 92 | Bank Loan | JFIIX vs XPTFX | |
| JHancock Infrastructure Fund | -0.03 | 0.05 | 0.14 | 80 | Infrastructure Equities, Energy Equities | JFIIX vs JEEIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 99 | Bank Loan | JFIIX vs CAPIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.12 | 0.15 | 0.21 | 68 | Mid Cap Blend Equities | JFIIX vs JECIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.15 | — | — | 94 | Long-Short | JFIIX vs JAKRX |
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