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
5 mutual funds have low correlation with TAGRX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Real Estate Securities Fund (JIREX) (REIT) with a 1Y correlation of 0.19, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.19 | 0.44 | 0.56 | 56 | REIT | TAGRX vs JIREX | |
| JHancock Infrastructure Fund | 0.21 | 0.38 | 0.52 | 77 | Energy Equities | TAGRX vs JEEIX | |
| John Hancock California Municipal Bond Fund | 0.21 | 0.18 | 0.14 | 77 | Municipal Bonds | TAGRX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.23 | 0.17 | 0.13 | 78 | High Yield Muni | TAGRX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.24 | 0.18 | 0.14 | 72 | Municipal Bonds | TAGRX vs TAMBX |
See all 93 diversifiers for TAGRX
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