Looking to diversify beyond JHHBX? The mutual funds below have the lowest correlation with JHHBX — 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 JHHBX.
Best Diversifiers for JHHBX
4 mutual funds have low correlation with JHHBX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.04 | 0.04 | 0.07 | 100 | High Yield Bonds | JHHBX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.07 | 0.04 | 100 | High Yield Bonds | JHHBX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.17 | 0.24 | 99 | High Yield Bonds | JHHBX vs RPHIX | |
| JHancock Infrastructure Fund | 0.24 | 0.35 | 0.39 | 56 | Energy Equities | JHHBX vs JEEIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.37 | 0.39 | 0.42 | 68 | Mid Cap Blend Equities | JHHBX vs JECIX |
See all 27 diversifiers for JHHBX
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