Looking to diversify beyond JHBIX? The mutual funds below have the lowest correlation with JHBIX — 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 JHBIX.
Best Diversifiers for JHBIX
9 mutual funds have low correlation with JHBIX (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 -0.30, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.30 | -0.19 | -0.20 | 81 | Tactical Allocation | JHBIX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | 0.01 | 0.01 | 94 | Long-Short | JHBIX vs BDMIX | |
| Blackstone Alternative Multi-Strategy Fund | 0.19 | 0.16 | 0.10 | 99 | Multistrategy | JHBIX vs BXMIX | |
| Causeway Emerging Markets Fund | 0.20 | 0.12 | 0.10 | 81 | Emerging Markets Diversified | JHBIX vs CEMIX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.21 | 0.14 | 0.11 | 63 | Emerging Markets Diversified | JHBIX vs IPOAX |
See all 25 diversifiers for JHBIX
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