Looking to diversify beyond JLKOX? The mutual funds below have the lowest correlation with JLKOX — 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 JLKOX.
Best Diversifiers for JLKOX
1 mutual funds have low correlation with JLKOX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.28, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.28 | 0.39 | 0.57 | 58 | Energy Equities | JLKOX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.61 | — | — | 85 | Long-Short | JLKOX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.67 | 0.75 | 0.81 | 92 | Multistrategy | JLKOX vs JAAAX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.71 | 0.82 | 0.87 | 69 | Mid Cap Blend Equities | JLKOX vs JECIX | |
| Prudential Day One Income Fund | 0.72 | 0.73 | 0.78 | 79 | Target Retirement Date | JLKOX vs PDAHX |
See all 55 diversifiers for JLKOX
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