Looking to diversify beyond JLDAX? The mutual funds below have the lowest correlation with JLDAX — 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 JLDAX.
Best Diversifiers for JLDAX
0 mutual funds have low correlation with JLDAX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Alternative Asset Allocation Fund (JAAAX) (Multistrategy) with a 1Y correlation of 0.77, roughly unchanged from 0.84 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.81 | 0.84 | 95 | Multistrategy | JLDAX vs JAAAX | |
| John Hancock Funds Disciplined Value Fund | 0.80 | 0.80 | 0.81 | 84 | Large Cap Value Equities | JLDAX vs JVLIX | |
| Dimensional Retirement Income Fund | 0.80 | 0.87 | 0.85 | 83 | Target Retirement Date | JLDAX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.87 | 0.89 | 83 | Target Retirement Date | JLDAX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.84 | 0.85 | 0.89 | 83 | Target Retirement Date | JLDAX vs DTDRX |
See all 40 diversifiers for JLDAX
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