Looking to diversify beyond JHBPX? The mutual funds below have historically moved differently from JHBPX, 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 JHBPX
2 mutual funds have low correlation with JHBPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.18 | 0.48 | 66 | Diversified Portfolio | JHBPX vs MHELX | |
| JHancock Infrastructure Fund | 0.29 | 0.43 | 0.59 | 82 | Infrastructure Equities, Energy Equities | JHBPX vs JEEIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.59 | 91 | Diversified Portfolio | JHBPX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.59 | 91 | Diversified Portfolio | JHBPX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.52 | 0.59 | 89 | Diversified Portfolio | JHBPX vs FCSRX |
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