Looking to diversify beyond JIJIX? The mutual funds below have the lowest correlation with JIJIX — 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 JIJIX.
Best Diversifiers for JIJIX
8 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 0.11, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.11 | 0.30 | 0.44 | 56 | REIT | JIJIX vs JIREX | |
| JHancock Infrastructure Fund | 0.22 | 0.35 | 0.51 | 77 | Energy Equities | JIJIX vs JEEIX | |
| John Hancock High Yield Municipal Bond Fund | 0.24 | 0.14 | 0.15 | 78 | High Yield Muni | JIJIX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.24 | 0.17 | 0.16 | 77 | Municipal Bonds | JIJIX vs TACAX | |
| John Hancock Funds Floating Rate Income Fund | 0.25 | 0.22 | 0.24 | 52 | Bank Loan | JIJIX vs JFIIX |
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