Looking to diversify beyond JIGDX? The mutual funds below have the lowest correlation with JIGDX — 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 JIGDX.
Best Diversifiers for JIGDX
2 mutual funds have low correlation with JIGDX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.22 | 0.06 | 0.30 | 100 | Global Bonds | JIGDX vs DFGFX | |
| JHancock Infrastructure Fund | 0.28 | 0.36 | 0.38 | 75 | Energy Equities | JIGDX vs JEEIX | |
| John Hancock Funds Disciplined Value Fund | 0.31 | 0.21 | 0.21 | 85 | Large Cap Value Equities | JIGDX vs JVLIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.32 | 0.28 | 0.31 | 94 | Multistrategy | JIGDX vs JAAAX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.34 | 0.23 | 0.24 | 64 | Large Cap Blend Equities | JIGDX vs JFIVX |
See all 16 diversifiers for JIGDX
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