Looking to diversify beyond JLBAX? The mutual funds below have the lowest correlation with JLBAX — 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 JLBAX.
Best Diversifiers for JLBAX
0 mutual funds have low correlation with JLBAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.47, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.47 | 0.58 | 0.68 | 51 | Energy Equities | JLBAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | — | — | 81 | Long-Short | JLBAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.80 | 0.82 | 92 | Multistrategy | JLBAX vs JAAAX | |
| John Hancock Funds Disciplined Value Fund | 0.80 | 0.78 | 0.79 | 82 | Large Cap Value Equities | JLBAX vs JVLIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.83 | 0.78 | 0.82 | 53 | Large Cap Blend Equities | JLBAX vs JFIVX |
See all 67 diversifiers for JLBAX
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