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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.79 | 0.76 | 83 | Target Retirement Date | JLIAX vs TDIFX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.84 | 0.86 | 95 | Multistrategy | JLIAX vs JAAAX | |
| Prudential Day One Income Fund | 0.81 | 0.84 | 0.84 | 85 | Target Retirement Date | JLIAX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.75 | 0.73 | 75 | Target Retirement Date | JLIAX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.82 | 0.75 | 0.73 | 76 | Target Retirement Date | JLIAX vs FFFAX |
See all 56 diversifiers for JLIAX
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