Looking to diversify beyond JLKYX? The mutual funds below have historically moved differently from JLKYX, 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 JLKYX
0 mutual funds have low correlation with JLKYX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.30, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.30 | 0.47 | 0.61 | 80 | Infrastructure Equities, Energy Equities | JLKYX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.63 | — | — | 94 | Long-Short | JLKYX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.76 | 0.83 | 0.86 | 96 | Multistrategy | JLKYX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.79 | 0.77 | 0.75 | 82 | Target Retirement Date | JLKYX vs TDIFX | |
| Mutual of America Retirement Income Fund | 0.80 | 0.76 | 0.71 | 64 | Target Retirement Date | JLKYX vs MARMX |
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