Looking to diversify beyond TACAX? The mutual funds below have historically moved differently from TACAX, 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 TACAX
18 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.15 | 0.21 | 91 | Municipal Bonds | TACAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.18 | 0.22 | 94 | Municipal Bonds | TACAX vs DMREX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.17 | 0.19 | 0.16 | 96 | Multistrategy | TACAX vs JAAAX | |
| John Hancock Small Cap Core Fund | 0.18 | 0.14 | 0.10 | 65 | Small Cap Blend Equities | TACAX vs JCCIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.19 | — | — | 94 | Long-Short | TACAX vs JAKVX |
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