Looking to diversify beyond JVMIX? The mutual funds below have the lowest correlation with JVMIX — 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 JVMIX.
Best Diversifiers for JVMIX
3 mutual funds have low correlation with JVMIX (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 0.18, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock California Municipal Bond Fund | 0.18 | 0.16 | 0.09 | 65 | Municipal Bonds | JVMIX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.19 | 0.15 | 0.09 | 55 | High Yield Muni | JVMIX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.24 | 0.15 | 0.10 | 69 | Municipal Bonds | JVMIX vs TAMBX | |
| John Hancock Variable Insurance Trust Science & Te... | 0.30 | 0.43 | 0.57 | 87 | Technology Equities | JVMIX vs JESTX | |
| JHancock Short Duration Bond Fund | 0.31 | 0.23 | 0.21 | 76 | Short-Term Bond | JVMIX vs JSNIX |
See all 78 diversifiers for JVMIX
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Diversification Analysis
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