Looking to diversify beyond JIBCX? The mutual funds below have the lowest correlation with JIBCX — 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 JIBCX.
Best Diversifiers for JIBCX
3 mutual funds have low correlation with JIBCX (below 0.3), 1 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of -0.05, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | -0.05 | 0.10 | 0.34 | 56 | Energy Equities | JIBCX vs JEEIX | |
| John Hancock High Yield Municipal Bond Fund | 0.14 | 0.09 | 0.11 | 55 | High Yield Muni | JIBCX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.16 | 0.11 | 0.12 | 65 | Municipal Bonds | JIBCX vs TACAX | |
| John Hancock Global Shareholder Yield Fund | 0.32 | 0.44 | 0.57 | 91 | Global Equities | JIBCX vs JGYIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.35 | — | — | 80 | Long-Short | JIBCX vs JAKRX |
See all 48 diversifiers for JIBCX
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