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
5 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 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.22 | 0.11 | 0.07 | 90 | Emerging Markets Diversified | JICDX vs SSKEX | |
| Invesco Discovery Fund | 0.25 | 0.20 | 0.14 | 83 | Small Cap Growth Equities | JICDX vs OPOCX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.27 | 0.26 | 0.22 | 94 | Multistrategy | JICDX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.28 | — | — | 83 | Long-Short | JICDX vs JAKVX | |
| JHancock Infrastructure Fund | 0.29 | 0.35 | 0.29 | 58 | Energy Equities | JICDX vs JEEIX |
See all 21 diversifiers for JICDX
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