Looking to diversify beyond JLKUX? The mutual funds below have the lowest correlation with JLKUX — 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 JLKUX.
Best Diversifiers for JLKUX
1 mutual funds have low correlation with JLKUX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.27, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.27 | 0.40 | 0.57 | 58 | Energy Equities | JLKUX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.59 | — | — | 82 | Long-Short | JLKUX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.60 | — | — | 83 | Long-Short | JLKUX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.66 | 0.74 | 0.81 | 94 | Multistrategy | JLKUX vs JAAAX | |
| John Hancock Small Cap Core Fund | 0.71 | 0.75 | 0.82 | 50 | Small Cap Blend Equities | JLKUX vs JCCIX |
See all 71 diversifiers for JLKUX
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