Looking to diversify beyond JVMRX? The mutual funds below have historically moved differently from JVMRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JVMRX
0 mutual funds have low correlation with JVMRX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.44, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.44 | 0.55 | 0.64 | 82 | Infrastructure Equities, Energy Equities | JVMRX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.48 | — | — | 94 | Long-Short | JVMRX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.49 | 0.40 | 0.40 | 94 | Long-Short | JVMRX vs JAKVX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.58 | 0.70 | 0.79 | 60 | Large Cap Blend Equities | JVMRX vs JFIVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.58 | 0.70 | 0.77 | 96 | Multistrategy | JVMRX vs JAAAX |
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