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 0.45, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.45 | 0.58 | 0.67 | 74 | Energy Equities | JLAAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.64 | — | — | 90 | Long-Short | JLAAX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.64 | — | — | 90 | Long-Short | JLAAX vs JAKRX | |
| John Hancock Small Cap Core Fund | 0.73 | 0.72 | 0.74 | 51 | Small Cap Blend Equities | JLAAX vs JCCIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.75 | 0.76 | 0.80 | 94 | Multistrategy | JLAAX vs JAAAX |
See all 48 diversifiers for JLAAX
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