Looking to diversify beyond JHBSX? The mutual funds below have the lowest correlation with JHBSX — 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 JHBSX.
Best Diversifiers for JHBSX
2 mutual funds have low correlation with JHBSX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Alternative Asset Allocation Fund (JAAAX) (Multistrategy) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Alternative Asset Allocation Fu... | 0.26 | 0.29 | 0.26 | 94 | Multistrategy | JHBSX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.27 | 0.23 | 0.23 | 90 | Long-Short | JHBSX vs JAKVX | |
| John Hancock Funds Disciplined Value Fund | 0.31 | 0.23 | 0.14 | 86 | Large Cap Value Equities | JHBSX vs JVLIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.34 | 0.23 | 0.19 | 64 | Large Cap Blend Equities | JHBSX vs JFIVX | |
| John Hancock Small Cap Core Fund | 0.35 | 0.26 | 0.19 | 51 | Small Cap Blend Equities | JHBSX vs JCCIX |
See all 15 diversifiers for JHBSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JHBSX
Add JHBSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JHBSX