Looking to diversify beyond JLFAX? The mutual funds below have the lowest correlation with JLFAX — 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 JLFAX.
Best Diversifiers for JLFAX
0 mutual funds have low correlation with JLFAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.39, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.39 | 0.54 | 0.66 | 56 | Energy Equities | JLFAX vs JEEIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.63 | 0.73 | 0.81 | 68 | Mid Cap Blend Equities | JLFAX vs JECIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.69 | 0.63 | 0.63 | 81 | Long-Short | JLFAX vs JAKVX | |
| Dimensional Retirement Income Fund | 0.77 | 0.84 | 0.81 | 77 | Target Retirement Date | JLFAX vs TDIFX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.78 | 0.84 | 0.86 | 93 | Multistrategy | JLFAX vs JAAAX |
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