Looking to diversify beyond JSGIX? The mutual funds below have historically moved differently from JSGIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JSGIX
2 mutual funds have low correlation with JSGIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.05, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.05 | 0.17 | 0.38 | 82 | Infrastructure Equities, Energy Equities | JSGIX vs JEEIX | |
| Schwab Monthly Income Fund - Maximum Payout | 0.28 | 0.34 | 0.43 | 87 | Diversified Portfolio | JSGIX vs SWLRX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.40 | 0.53 | 0.65 | 54 | Mid Cap Value Equities | JSGIX vs JVMIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.48 | — | — | 94 | Long-Short | JSGIX vs JAKVX | |
| Davis New York Venture Fund Class Y | 0.61 | 0.68 | 0.75 | 90 | Large Cap Growth Equities | JSGIX vs DNVYX |
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