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
5 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 0.14, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.14 | 0.39 | 0.55 | 57 | REIT | JFIVX vs JIREX | |
| JHancock Infrastructure Fund | 0.19 | 0.34 | 0.52 | 74 | Energy Equities | JFIVX vs JEEIX | |
| John Hancock California Municipal Bond Fund | 0.20 | 0.17 | 0.13 | 73 | Municipal Bonds | JFIVX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.20 | 0.14 | 0.12 | 75 | High Yield Muni | JFIVX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.21 | 0.16 | 0.13 | 71 | Municipal Bonds | JFIVX vs TAMBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JFIVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JFIVX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.49, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.49 | 0.53 | 0.67 | 90 | Technology |
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