Looking to diversify beyond TAGRX? The mutual funds below have the lowest correlation with TAGRX — 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 TAGRX.
Best Diversifiers for TAGRX
3 mutual funds have low correlation with TAGRX (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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock California Municipal Bond Fund | 0.18 | 0.18 | 0.14 | 57 | Municipal Bonds | TAGRX vs TACAX | |
| JHancock Municipal Opportunities Fund | 0.22 | 0.18 | 0.14 | 67 | Municipal Bonds | TAGRX vs TAMBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.17 | 0.15 | 73 | Large Cap Blend Equities | TAGRX vs SVPFX | |
| JHancock Short Duration Bond Fund | 0.32 | 0.25 | 0.25 | 75 | Short-Term Bond | TAGRX vs JSNIX | |
| John Hancock Funds Emerging Markets Debt Fund | 0.41 | 0.35 | 0.34 | 82 | Emerging Markets Bonds | TAGRX vs JMKIX |
See all 86 diversifiers for TAGRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TAGRX
Add TAGRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TAGRX