Looking to diversify beyond JHGPX? The mutual funds below have the lowest correlation with JHGPX — 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 JHGPX.
Best Diversifiers for JHGPX
1 mutual funds have low correlation with JHGPX (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 0.14, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.14 | 0.22 | 0.54 | 64 | Diversified Portfolio | JHGPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.53 | 0.60 | 95 | Diversified Portfolio | JHGPX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.31 | 0.54 | 0.61 | 96 | Diversified Portfolio | JHGPX vs FSRRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.31 | 0.54 | 0.61 | 96 | Diversified Portfolio | JHGPX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.61 | 96 | Diversified Portfolio | JHGPX vs FSIRX |
See all 25 diversifiers for JHGPX
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