Looking to diversify beyond JLIAX? The mutual funds below have the lowest correlation with JLIAX — 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 JLIAX.
Best Diversifiers for JLIAX
0 mutual funds have low correlation with JLIAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.35, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.35 | 0.50 | 0.63 | 58 | Energy Equities | JLIAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.67 | — | — | 83 | Long-Short | JLIAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.84 | 0.86 | 94 | Multistrategy | JLIAX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 70 | Target Retirement Date | JLIAX vs TDIFX | |
| John Hancock Small Cap Core Fund | 0.81 | 0.84 | 0.87 | 50 | Small Cap Blend Equities | JLIAX vs JCCIX |
See all 60 diversifiers for JLIAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JLIAX
Add JLIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JLIAX