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John Hancock Bond Fund (JHNBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 17, 2026

The investment seeks a high level of current income consistent with prudent investment risk. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of bonds. The advisor contemplates that at least 75% of its net assets will be in investment-grade debt securities and cash and cash equivalents. It will not invest more than 10% of its total assets in securities denominated in foreign currencies. Under normal market conditions, the advisor does not anticipate investing more than 25% of its total assets in U.S. dollar-denominated foreign securities (excluding Canadian securities).

Looking to diversify beyond JHNBX? The mutual funds below have the lowest correlation with JHNBX — 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 JHNBX.

Best Diversifiers for JHNBX

8 mutual funds have low correlation with JHNBX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Emerging Markets Equity Fund (REEIX) (Emerging Markets Diversified) with a 1Y correlation of 0.26, up from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
REEIX
RBC Emerging Markets Equity Fund0.260.170.15
59
Emerging Markets DiversifiedJHNBX vs REEIX
OPOCX
Invesco Discovery Fund0.260.200.19
72
Small Cap Growth EquitiesJHNBX vs OPOCX
JESIX
John Hancock Variable Insurance Trust Small Cap In...0.280.270.21
85
Small Cap Blend EquitiesJHNBX vs JESIX
JAAAX
John Hancock Funds Alternative Asset Allocation Fu...0.280.300.27
95
MultistrategyJHNBX vs JAAAX
JHVTX
John Hancock Variable Insurance Trust Emerging Mar...0.280.200.16
84
Emerging Markets DiversifiedJHNBX vs JHVTX
See all 73 diversifiers for JHNBX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JHNBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JHNBX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.15, up from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MET
MetLife, Inc.0.150.060.01
73
Financial Services

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Diversification Analysis

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