Looking to diversify beyond JIGMX? The mutual funds below have the lowest correlation with JIGMX — 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 JIGMX.
Best Diversifiers for JIGMX
4 mutual funds have low correlation with JIGMX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Alternative Asset Allocation Fund (JAAAX) (Multistrategy) with a 1Y correlation of 0.27, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Alternative Asset Allocation Fu... | 0.27 | 0.27 | 0.22 | 92 | Multistrategy | JIGMX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.28 | — | — | 84 | Long-Short | JIGMX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.28 | 0.23 | 0.23 | 85 | Long-Short | JIGMX vs JAKVX | |
| John Hancock Funds Disciplined Value Fund | 0.29 | 0.20 | 0.10 | 84 | Large Cap Value Equities | JIGMX vs JVLIX | |
| JHancock Infrastructure Fund | 0.32 | 0.37 | 0.29 | 58 | Energy Equities | JIGMX vs JEEIX |
See all 10 diversifiers for JIGMX
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