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
0 mutual funds have low correlation with JLKUX (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 0.60, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.60 | 0.55 | 0.55 | 94 | Long-Short | JLKUX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.60 | 0.56 | 0.56 | 94 | Long-Short | JLKUX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.65 | 0.75 | 0.81 | 95 | Multistrategy | JLKUX vs JAAAX | |
| Prudential Day One Income Fund | 0.69 | 0.73 | 0.77 | 85 | Target Retirement Date | JLKUX vs PDAHX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.70 | 0.81 | 0.87 | 63 | Mid Cap Blend Equities | JLKUX vs JECIX |
See all 68 diversifiers for JLKUX
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