Looking to diversify beyond JHBPX? The mutual funds below have the lowest correlation with JHBPX — 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 JHBPX.
Best Diversifiers for JHBPX
1 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 0.11, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.11 | 0.21 | 0.50 | 67 | Diversified Portfolio | JHBPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.60 | 82 | Diversified Portfolio | JHBPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.61 | 86 | Diversified Portfolio | JHBPX vs FSIRX | |
| JHancock Infrastructure Fund | 0.35 | 0.46 | 0.60 | 56 | Energy Equities | JHBPX vs JEEIX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.56 | 0.61 | 88 | Diversified Portfolio | JHBPX vs FSRKX |
See all 27 diversifiers for JHBPX
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