Looking to diversify beyond JRLVX? The mutual funds below have the lowest correlation with JRLVX — 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 JRLVX.
Best Diversifiers for JRLVX
0 mutual funds have low correlation with JRLVX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.37, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.37 | 0.51 | 0.64 | 56 | Energy Equities | JRLVX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | — | — | 80 | Long-Short | JRLVX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | — | — | 81 | Long-Short | JRLVX vs JAKVX | |
| Dimensional 2020 Target Date Retirement Income Fun... | 0.76 | 0.69 | 0.61 | 53 | Target Retirement Date | JRLVX vs DRIRX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.77 | 0.84 | 0.87 | 93 | Multistrategy | JRLVX vs JAAAX |
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