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John Hancock Funds II Core Bond Fund (JICDX) Diversifiers

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

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a broad range of investment-grade debt securities. The manager expects to maintain an effective duration within 10% (in either direction) of the duration of the Bloomberg U.S. Aggregate Bond Index. It may invest up to 25% of total assets in asset-backed securities, other than mortgage-backed securities; up to 20% of total assets in U.S. dollar-denominated obligations of foreign issuers; and up to 10% of total assets in stripped mortgage-backed securities.

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

Best Diversifiers for JICDX

6 mutual funds have low correlation with JICDX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Emerging Markets Equity Index Fund (SSKEX) (Emerging Markets Diversified) with a 1Y correlation of 0.15, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SSKEX
State Street Emerging Markets Equity Index Fund0.150.100.07
92
Emerging Markets DiversifiedJICDX vs SSKEX
OPOCX
Invesco Discovery Fund0.210.190.14
71
Small Cap Growth EquitiesJICDX vs OPOCX
JAAAX
John Hancock Funds Alternative Asset Allocation Fu...0.250.260.21
95
MultistrategyJICDX vs JAAAX
JECIX
John Hancock Variable Insurance Trust Mid Cap Inde...0.260.240.15
63
Mid Cap Blend EquitiesJICDX vs JECIX
JVLIX
John Hancock Funds Disciplined Value Fund0.260.190.09
84
Large Cap Value EquitiesJICDX vs JVLIX
See all 17 diversifiers for JICDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JICDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JICDX and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ORCL
Oracle Corporation0.090.090.10
58
Technology

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Diversification Analysis

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