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 John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) (Long-Short) with a 1Y correlation of 0.66, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.63 | 0.63 | 94 | Long-Short | JLJAX vs JAKRX | |
| Dimensional Retirement Income Fund | 0.73 | 0.77 | 0.74 | 83 | Target Retirement Date | JLJAX vs TDIFX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.75 | 0.84 | 0.86 | 95 | Multistrategy | JLJAX vs JAAAX | |
| Prudential Day One Income Fund | 0.80 | 0.81 | 0.82 | 85 | Target Retirement Date | JLJAX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.74 | 0.71 | 72 | Target Retirement Date | JLJAX vs FRIMX |
See all 40 diversifiers for JLJAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JLJAX
Add JLJAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JLJAX