Looking to diversify beyond JHFIX? The mutual funds below have historically moved differently from JHFIX, 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 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 0.17, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.17 | 0.27 | 0.21 | 99 | Multisector Bonds | JHFIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.23 | 0.31 | 0.22 | 99 | Multisector Bonds | JHFIX vs NWXHX | |
| JHancock Infrastructure Fund | 0.32 | 0.44 | 0.47 | 80 | Infrastructure Equities, Energy Equities | JHFIX vs JEEIX | |
| CrossingBridge Low Duration High Yield Fund | 0.32 | 0.26 | 0.26 | 95 | Multisector Bonds | JHFIX vs CBLDX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.35 | 0.38 | 0.44 | 96 | Multistrategy | JHFIX vs JAAAX |
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