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
10 mutual funds have low correlation with JHNBX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Floating Rate Income Fund (JFIIX) (Bank Loan) with a 1Y correlation of 0.21, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Floating Rate Income Fund | 0.21 | 0.13 | 0.18 | 54 | Bank Loan | JHNBX vs JFIIX | |
| John Hancock Variable Insurance Trust Science & Te... | 0.21 | 0.15 | 0.16 | 77 | Technology Equities | JHNBX vs JESTX | |
| John Hancock Emerging Markets Equity Fund | 0.23 | 0.15 | 0.13 | 60 | Emerging Markets Diversified | JHNBX vs JEMMX | |
| RBC Emerging Markets Equity Fund | 0.25 | 0.17 | 0.14 | 64 | Emerging Markets Diversified | JHNBX vs REEIX | |
| John Hancock Variable Insurance Trust Small Cap In... | 0.26 | 0.27 | 0.20 | 86 | Small Cap Blend Equities | JHNBX vs JESIX |
See all 69 diversifiers for JHNBX
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