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John Hancock Funds II Multi-Asset High Income Fund (JIAIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to provide a high level of current income with consideration for capital appreciation and preservation. The fund has significant flexibility to achieve its investment objective and invests in a broad range of income-producing securities. The fund invests in debt and equity securities, as well as derivative instruments, in the U.S. and developed and emerging markets throughout the world. The fund may invest in individual fixed-income securities to the fullest extent permissible.

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

Best Diversifiers for JIAIX

1 mutual funds have low correlation with JIAIX (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 0.11, down from 0.44 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.110.200.44
64
Diversified PortfolioJIAIX vs MHELX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.610.65
96
Diversified PortfolioJIAIX vs FIQDX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.620.65
96
Diversified PortfolioJIAIX vs FSIRX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.610.65
95
Diversified PortfolioJIAIX vs FCSRX
FSRKX
Fidelity Strategic Real Return Fund Class K60.430.620.65
96
Diversified PortfolioJIAIX vs FSRKX
See all 27 diversifiers for JIAIX

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Diversification Analysis

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