Looking to diversify beyond JLJAX? The mutual funds below have historically moved differently from JLJAX, 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 JLJAX
1 mutual funds have low correlation with JLJAX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.28, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.28 | 0.46 | 0.60 | 82 | Infrastructure Equities, Energy Equities | JLJAX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.64 | — | — | 94 | Long-Short | JLJAX vs JAKRX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.64 | 0.78 | 0.85 | 54 | Mid Cap Value Equities | JLJAX vs JVMIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.64 | — | — | 94 | Long-Short | JLJAX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.76 | 0.83 | 0.86 | 96 | Multistrategy | JLJAX vs JAAAX |
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