Looking to diversify beyond JMKIX? The mutual funds below have the lowest correlation with JMKIX — 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 JMKIX.
Best Diversifiers for JMKIX
1 mutual funds have low correlation with JMKIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.27 | 0.32 | 63 | Emerging Markets Bonds | JMKIX vs EDF | |
| JHancock Infrastructure Fund | 0.31 | 0.35 | 0.36 | 56 | Energy Equities | JMKIX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.35 | — | — | 80 | Long-Short | JMKIX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.35 | — | — | 81 | Long-Short | JMKIX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.37 | 0.36 | 0.36 | 93 | Multistrategy | JMKIX vs JAAAX |
See all 23 diversifiers for JMKIX
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