Looking to diversify beyond JFIVX? The mutual funds below have the lowest correlation with JFIVX — 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 JFIVX.
Best Diversifiers for JFIVX
4 mutual funds have low correlation with JFIVX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock High Yield Municipal Bond Fund (JHTFX) (High Yield Muni) with a 1Y correlation of 0.19, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock High Yield Municipal Bond Fund | 0.19 | 0.13 | 0.11 | 55 | High Yield Muni | JFIVX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.21 | 0.17 | 0.13 | 65 | Municipal Bonds | JFIVX vs TACAX | |
| JHancock Municipal Opportunities Fund | 0.22 | 0.15 | 0.13 | 69 | Municipal Bonds | JFIVX vs TAMBX | |
| JHancock Infrastructure Fund | 0.23 | 0.36 | 0.53 | 56 | Energy Equities | JFIVX vs JEEIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.14 | 0.12 | 72 | Large Cap Blend Equities | JFIVX vs SVPFX |
See all 92 diversifiers for JFIVX
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