Looking to diversify beyond JLHAX? The mutual funds below have historically moved differently from JLHAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JLHAX
0 mutual funds have low correlation with JLHAX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.65 | — | — | 94 | Long-Short | JLHAX vs JAKVX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.67 | 0.79 | 0.84 | 54 | Mid Cap Value Equities | JLHAX vs JVMIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.83 | 0.86 | 96 | Multistrategy | JLHAX vs JAAAX | |
| John Hancock Small Cap Core Fund | 0.80 | 0.83 | 0.86 | 65 | Small Cap Blend Equities | JLHAX vs JCCIX | |
| Dimensional Retirement Income Fund | 0.81 | 0.82 | 0.79 | 81 | Target Retirement Date | JLHAX vs TDIFX |
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