Looking to diversify beyond JRTDX? The mutual funds below have the lowest correlation with JRTDX — 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 JRTDX.
Best Diversifiers for JRTDX
0 mutual funds have low correlation with JRTDX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) (Long-Short) with a 1Y correlation of 0.66, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.66 | 0.63 | 0.63 | 94 | Long-Short | JRTDX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.78 | 0.82 | 0.85 | 95 | Multistrategy | JRTDX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.80 | 0.87 | 0.84 | 83 | Target Retirement Date | JRTDX vs TDIFX | |
| John Hancock Funds Disciplined Value Fund | 0.82 | 0.83 | 0.83 | 84 | Large Cap Value Equities | JRTDX vs JVLIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.88 | 0.91 | 83 | Target Retirement Date | JRTDX vs DRILX |
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