Looking to diversify beyond JHFIX? The mutual funds below have the lowest correlation with JHFIX — 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 JHFIX.
Best Diversifiers for JHFIX
4 mutual funds have low correlation with JHFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.03 | 0.26 | 0.20 | 99 | Multisector Bonds | JHFIX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.15 | 0.19 | — | 58 | Multisector Bonds | JHFIX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.31 | 0.22 | 99 | Multisector Bonds | JHFIX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.20 | 0.48 | 0.30 | 55 | Multisector Bonds | JHFIX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.31 | 0.25 | 0.25 | 97 | Multisector Bonds | JHFIX vs CBLDX |
See all 26 diversifiers for JHFIX
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