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John Hancock Funds Disciplined Value Fund (JVLIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The fund normally invests at least 80% of its net assets in a diversified portfolio consisting primarily of equity securities, such as common stocks, of issuers with a market capitalization of $1 billion or greater and identified by the manager as having value characteristics. It may also invest up to 20% of its total assets in foreign currency-denominated securities. The fund may participate as a purchaser in initial public offerings of securities (IPO).

Looking to diversify beyond JVLIX? The mutual funds below have the lowest correlation with JVLIX — 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 JVLIX.

Best Diversifiers for JVLIX

4 mutual funds have low correlation with JVLIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock California Municipal Bond Fund (TACAX) (Municipal Bonds) with a 1Y correlation of 0.20, up from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TACAX
John Hancock California Municipal Bond Fund0.200.150.07
67
Municipal BondsJVLIX vs TACAX
JHTFX
John Hancock High Yield Municipal Bond Fund0.210.140.07
57
High Yield MuniJVLIX vs JHTFX
TAMBX
JHancock Municipal Opportunities Fund0.230.130.08
71
Municipal BondsJVLIX vs TAMBX
JSNIX
JHancock Short Duration Bond Fund0.280.200.19
77
Short-Term BondJVLIX vs JSNIX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.360.490.65
82
Large Cap Value EquitiesJVLIX vs SVAIX
See all 91 diversifiers for JVLIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JVLIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JVLIX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.02, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CVX
Chevron Corporation0.020.270.41
70
Energy
NBIS
Nebius Group N.V.0.310.320.32
96
Communication Services

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Diversification Analysis

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