Looking to diversify beyond JIJIX? The mutual funds below have historically moved differently from JIJIX, 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 JIJIX
10 mutual funds have low correlation with JIJIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Real Estate Securities Fund (JIREX) (REIT) with a 1Y correlation of 0.07, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.07 | 0.29 | 0.43 | 73 | REIT | JIJIX vs JIREX | |
| JHancock Infrastructure Fund | 0.22 | 0.34 | 0.50 | 80 | Infrastructure Equities, Energy Equities | JIJIX vs JEEIX | |
| Federated Hermes International Strategic Value Div... | 0.22 | 0.34 | 0.49 | 88 | Foreign Large Cap Equities | JIJIX vs IVFIX | |
| John Hancock High Yield Municipal Bond Fund | 0.22 | 0.14 | 0.15 | 68 | High Yield Muni | JIJIX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.23 | 0.17 | 0.16 | 68 | Municipal Bonds | JIJIX vs TACAX |
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