Looking to diversify beyond JRTIX? The mutual funds below have the lowest correlation with JRTIX — 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 JRTIX.
Best Diversifiers for JRTIX
0 mutual funds have low correlation with JRTIX (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 0.67, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 0.67 | 0.61 | 0.61 | 81 | Long-Short | JRTIX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.78 | 0.84 | 0.86 | 93 | Multistrategy | JRTIX vs JAAAX | |
| Dimensional Retirement Income Fund | 0.81 | 0.85 | 0.82 | 77 | Target Retirement Date | JRTIX vs TDIFX | |
| John Hancock Funds Disciplined Value Fund | 0.85 | 0.86 | 0.86 | 85 | Large Cap Value Equities | JRTIX vs JVLIX | |
| Voya Target In-Retirement Fund | 0.87 | 0.90 | 0.90 | 79 | Target Retirement Date | JRTIX vs ISOLX |
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