Looking to diversify beyond USGLX? The mutual funds below have historically moved differently from USGLX, 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 USGLX
1 mutual funds have low correlation with USGLX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.08, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.08 | 0.26 | 0.45 | 82 | Infrastructure Equities, Energy Equities | USGLX vs JEEIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.42 | 0.55 | 0.68 | 69 | Mid Cap Blend Equities | USGLX vs JECIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.45 | — | — | 94 | Long-Short | USGLX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.45 | — | — | 94 | Long-Short | USGLX vs JAKVX | |
| American Growth Fund Series One | 0.48 | 0.69 | 0.78 | 56 | Large Cap Growth Equities | USGLX vs AMRGX |
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