Looking to diversify beyond JFIVX? The mutual funds below have historically moved differently from JFIVX, 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 JFIVX
6 mutual funds have low correlation with JFIVX (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 0.12, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.12 | 0.39 | 0.55 | 72 | REIT | JFIVX vs JIREX | |
| JHancock Infrastructure Fund | 0.18 | 0.34 | 0.52 | 82 | Infrastructure Equities, Energy Equities | JFIVX vs JEEIX | |
| John Hancock California Municipal Bond Fund | 0.21 | 0.16 | 0.14 | 75 | Municipal Bonds | JFIVX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.24 | 0.14 | 0.13 | 80 | High Yield Muni | JFIVX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.24 | 0.16 | 0.14 | 65 | Municipal Bonds | JFIVX vs TAMBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JFIVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.31 | 0.49 | 61 | Financial Services | |
| Apple Inc | 0.47 | 0.52 | 0.67 | 89 | Technology |
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