Looking to diversify beyond JHMPX? The mutual funds below have the lowest correlation with JHMPX — 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 JHMPX.
Best Diversifiers for JHMPX
1 mutual funds have low correlation with JHMPX (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 0.15, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.15 | 0.21 | 0.47 | 64 | Diversified Portfolio | JHMPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.59 | 95 | Diversified Portfolio | JHMPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.60 | 96 | Diversified Portfolio | JHMPX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.55 | 0.60 | 96 | Diversified Portfolio | JHMPX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.56 | 0.60 | 96 | Diversified Portfolio | JHMPX vs FSRRX |
See all 23 diversifiers for JHMPX
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Diversification Analysis
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