Looking to diversify beyond JSJIX? The mutual funds below have the lowest correlation with JSJIX — 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 JSJIX.
Best Diversifiers for JSJIX
2 mutual funds have low correlation with JSJIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.26, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.26 | 0.37 | 0.48 | 58 | Energy Equities | JSJIX vs JEEIX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.28 | 0.60 | 0.77 | 78 | Small Cap Growth Equities | JSJIX vs QISGX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.56 | 0.66 | 0.70 | 94 | Multistrategy | JSJIX vs JAAAX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.61 | 0.74 | 0.82 | 69 | Mid Cap Blend Equities | JSJIX vs JECIX | |
| John Hancock International Dynamic Growth Fund | 0.76 | 0.74 | 0.74 | 54 | Foreign Large Cap Equities | JSJIX vs JIJIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JSJIX
Add JSJIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JSJIX