Looking to diversify beyond TAGRX? The mutual funds below have historically moved differently from TAGRX, 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 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 0.15, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.15 | 0.43 | 0.55 | 73 | REIT | TAGRX vs JIREX | |
| JHancock Infrastructure Fund | 0.18 | 0.36 | 0.51 | 80 | Infrastructure Equities, Energy Equities | TAGRX vs JEEIX | |
| John Hancock California Municipal Bond Fund | 0.26 | 0.19 | 0.15 | 68 | Municipal Bonds | TAGRX vs TACAX | |
| John Hancock High Yield Municipal Bond Fund | 0.27 | 0.17 | 0.14 | 68 | High Yield Muni | TAGRX vs JHTFX | |
| JHancock Municipal Opportunities Fund | 0.29 | 0.18 | 0.15 | 59 | Municipal Bonds | TAGRX vs TAMBX |
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