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
1 mutual funds have low correlation with JSJIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.23, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.23 | 0.60 | 0.77 | 66 | Small Cap Growth Equities | JSJIX vs QISGX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.55 | 0.66 | 0.70 | 95 | Multistrategy | JSJIX vs JAAAX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.58 | 0.75 | 0.82 | 63 | Mid Cap Blend Equities | JSJIX vs JECIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.76 | 0.76 | 0.80 | 73 | Large Cap Blend Equities | JSJIX vs JFIVX | |
| John Hancock Balanced Fund | 0.78 | 0.78 | 0.80 | 91 | Diversified Portfolio | JSJIX vs SVBAX |
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