Looking to diversify beyond JIGDX? The mutual funds below have historically moved differently from JIGDX, 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 JIGDX
3 mutual funds have low correlation with JIGDX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.25, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.25 | 0.36 | 0.38 | 82 | Infrastructure Equities, Energy Equities | JIGDX vs JEEIX | |
| DFA Two Year Global Fixed Income Portfolio | 0.26 | 0.06 | 0.30 | 100 | Global Bonds | JIGDX vs DFGFX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.30 | 0.23 | 0.23 | 54 | Mid Cap Value Equities | JIGDX vs JVMIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.30 | 0.27 | 0.31 | 96 | Multistrategy | JIGDX vs JAAAX | |
| John Hancock Small Cap Core Fund | 0.31 | 0.22 | 0.23 | 65 | Small Cap Blend Equities | JIGDX vs JCCIX |
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