Looking to diversify beyond JSGIX? The mutual funds below have the lowest correlation with JSGIX — 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 JSGIX.
Best Diversifiers for JSGIX
1 mutual funds have low correlation with JSGIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.07, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.07 | 0.19 | 0.40 | 58 | Energy Equities | JSGIX vs JEEIX | |
| Schwab Monthly Income Fund - Maximum Payout | 0.32 | 0.36 | 0.44 | 61 | Diversified Portfolio | JSGIX vs SWLRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.49 | — | — | 83 | Long-Short | JSGIX vs JAKVX | |
| Baron Partners Fund | 0.51 | 0.59 | 0.66 | 52 | Large Cap Growth Equities | JSGIX vs BPTRX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.57 | 0.65 | 0.73 | 94 | Multistrategy | JSGIX vs JAAAX |
See all 36 diversifiers for JSGIX
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