Looking to diversify beyond JRLPX? The mutual funds below have the lowest correlation with JRLPX — 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 JRLPX.
Best Diversifiers for JRLPX
0 mutual funds have low correlation with JRLPX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.47, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.47 | 0.60 | 0.70 | 56 | Energy Equities | JRLPX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.67 | — | — | 81 | Long-Short | JRLPX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.76 | 0.80 | 0.83 | 93 | Multistrategy | JRLPX vs JAAAX | |
| John Hancock Funds Disciplined Value Fund | 0.83 | 0.81 | 0.81 | 85 | Large Cap Value Equities | JRLPX vs JVLIX | |
| Dimensional Retirement Income Fund | 0.84 | 0.88 | 0.86 | 77 | Target Retirement Date | JRLPX vs TDIFX |
See all 43 diversifiers for JRLPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JRLPX
Add JRLPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JRLPX