Looking to diversify beyond TACAX? The mutual funds below have the lowest correlation with TACAX — 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 TACAX.
Best Diversifiers for TACAX
16 mutual funds have low correlation with TACAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 95 | Municipal Bonds | TACAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.19 | 0.21 | 94 | Municipal Bonds | TACAX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.23 | 0.32 | 99 | Municipal Bonds | TACAX vs DFSMX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.17 | 0.20 | 0.16 | 93 | Multistrategy | TACAX vs JAAAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | — | 100 | Municipal Bonds | TACAX vs DFABX |
See all 27 diversifiers for TACAX
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