Looking to diversify beyond JLAAX? The mutual funds below have the lowest correlation with JLAAX — 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 JLAAX.
Best Diversifiers for JLAAX
0 mutual funds have low correlation with JLAAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.46, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.46 | 0.58 | 0.68 | 56 | Energy Equities | JLAAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.61 | 0.61 | 80 | Long-Short | JLAAX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.61 | 0.61 | 81 | Long-Short | JLAAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.75 | 0.76 | 0.80 | 93 | Multistrategy | JLAAX vs JAAAX | |
| John Hancock Funds Disciplined Value Fund | 0.77 | 0.73 | 0.75 | 85 | Large Cap Value Equities | JLAAX vs JVLIX |
See all 50 diversifiers for JLAAX
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