Looking to diversify beyond JIBCX? The mutual funds below have historically moved differently from JIBCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JIBCX
8 mutual funds have low correlation with JIBCX (below 0.3), 2 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of -0.08, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | -0.08 | 0.09 | 0.32 | 82 | Infrastructure Equities, Energy Equities | JIBCX vs JEEIX | |
| JHancock Real Estate Securities Fund | -0.02 | 0.25 | 0.42 | 72 | REIT | JIBCX vs JIREX | |
| John Hancock Regional Bank Fund | 0.13 | 0.24 | 0.37 | 57 | Financials Equities | JIBCX vs FRBAX | |
| John Hancock High Yield Municipal Bond Fund | 0.17 | 0.09 | 0.12 | 80 | High Yield Muni | JIBCX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.17 | 0.10 | 0.12 | 75 | Municipal Bonds | JIBCX vs TACAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JIBCX
Add JIBCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JIBCX