Looking to diversify beyond JLJAX? The mutual funds below have the lowest correlation with JLJAX — 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 JLJAX.
Best Diversifiers for JLJAX
0 mutual funds have low correlation with JLJAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.34, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.34 | 0.48 | 0.62 | 58 | Energy Equities | JLJAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.61 | 0.61 | 82 | Long-Short | JLJAX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.61 | 0.61 | 83 | Long-Short | JLJAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.75 | 0.84 | 0.86 | 94 | Multistrategy | JLJAX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.77 | 0.77 | 0.74 | 70 | Target Retirement Date | JLJAX vs TDIFX |
See all 49 diversifiers for JLJAX
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