Looking to diversify beyond JICDX? The mutual funds below have historically moved differently from JICDX, 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 JICDX
4 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 Equities) with a 1Y correlation of 0.24, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.24 | 0.11 | 0.08 | 73 | Emerging Markets Equities | JICDX vs SSKEX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.24 | 0.25 | 0.23 | 96 | Multistrategy | JICDX vs JAAAX | |
| JHancock Infrastructure Fund | 0.26 | 0.35 | 0.30 | 80 | Infrastructure Equities, Energy Equities | JICDX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.26 | — | — | 94 | Long-Short | JICDX vs JAKVX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.30 | 0.25 | 0.17 | 68 | Mid Cap Blend Equities | JICDX vs JECIX |
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