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
2 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 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.27 | 0.21 | 99 | Multisector Bonds | JHFIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.31 | 0.22 | 99 | Multisector Bonds | JHFIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.34 | 0.25 | 0.26 | 97 | Multisector Bonds | JHFIX vs CBLDX | |
| JHancock Infrastructure Fund | 0.36 | 0.45 | 0.47 | 77 | Energy Equities | JHFIX vs JEEIX | |
| John Hancock Funds Disciplined Value Fund | 0.37 | 0.31 | 0.34 | 85 | Large Cap Value Equities | JHFIX vs JVLIX |
See all 25 diversifiers for JHFIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JHFIX
Add JHFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JHFIX