Looking to diversify beyond JHTFX? The mutual funds below have the lowest correlation with JHTFX — 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 JHTFX.
Best Diversifiers for JHTFX
8 mutual funds have low correlation with JHTFX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Variable Insurance Trust Mid Cap Index Trust Fund (JECIX) (Mid Cap Blend Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.16 | 0.15 | 0.11 | 68 | Mid Cap Blend Equities | JHTFX vs JECIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.19 | 0.13 | 0.11 | 65 | Large Cap Blend Equities | JHTFX vs JFIVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.20 | 0.18 | 0.15 | 93 | Multistrategy | JHTFX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.21 | 0.19 | 0.19 | 80 | Long-Short | JHTFX vs JAKRX | |
| John Hancock Funds Disciplined Value Fund | 0.21 | 0.14 | 0.08 | 85 | Large Cap Value Equities | JHTFX vs JVLIX |
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