Looking to diversify beyond JLHAX? The mutual funds below have the lowest correlation with JLHAX — 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 JLHAX.
Best Diversifiers for JLHAX
0 mutual funds have low correlation with JLHAX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) (Long-Short) with a 1Y correlation of 0.68, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.68 | 0.62 | 0.62 | 81 | Long-Short | JLHAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.84 | 0.86 | 93 | Multistrategy | JLHAX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.79 | 0.81 | 0.78 | 77 | Target Retirement Date | JLHAX vs TDIFX | |
| Prudential Day One Income Fund | 0.85 | 0.86 | 0.87 | 79 | Target Retirement Date | JLHAX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.85 | 0.88 | 0.91 | 61 | Target Retirement Date | JLHAX vs LTTIX |
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