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
4 mutual funds have low correlation with JIJIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock High Yield Municipal Bond Fund (JHTFX) (High Yield Muni) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock High Yield Municipal Bond Fund | 0.22 | 0.14 | 0.14 | 57 | High Yield Muni | JIJIX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.23 | 0.18 | 0.16 | 67 | Municipal Bonds | JIJIX vs TACAX | |
| JHancock Municipal Opportunities Fund | 0.23 | 0.15 | 0.14 | 71 | Municipal Bonds | JIJIX vs TAMBX | |
| JHancock Infrastructure Fund | 0.28 | 0.37 | 0.52 | 51 | Energy Equities | JIJIX vs JEEIX | |
| JHancock Short Duration Bond Fund | 0.30 | 0.23 | 0.26 | 77 | Short-Term Bond | JIJIX vs JSNIX |
See all 145 diversifiers for JIJIX
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