Looking to diversify beyond JHAIX? The mutual funds below have the lowest correlation with JHAIX — 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 JHAIX.
Best Diversifiers for JHAIX
2 mutual funds have low correlation with JHAIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.13, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.13 | -0.05 | -0.04 | 75 | Tactical Allocation | JHAIX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.25 | 0.24 | 0.21 | 80 | Tactical Allocation | JHAIX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.38 | 0.19 | -0.01 | 88 | Tactical Allocation | JHAIX vs QDSNX | |
| JHancock Infrastructure Fund | 0.42 | 0.44 | 0.47 | 56 | Energy Equities | JHAIX vs JEEIX | |
| Hussman Strategic Total Return Fund | 0.45 | 0.35 | 0.34 | 89 | Tactical Allocation | JHAIX vs HSTRX |
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