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JHancock Municipal Opportunities Fund (TAMBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks as high a level of interest income exempt from federal income tax as is consistent with preservation of capital. The fund invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in tax-exempt bonds of any maturity. It may invest up to 35% of its net assets in junk bonds rated BB or B by S&P or Fitch or Ba or B by Moody's or their unrated equivalents. The fund may buy bonds of any maturity. It may invest heavily in bonds from any given state or region, and currently has substantial investments in obligations of certain states and their agencies, instrumentalities, and/or political subdivisions.

Looking to diversify beyond TAMBX? The mutual funds below have the lowest correlation with TAMBX — 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 TAMBX.

Best Diversifiers for TAMBX

15 mutual funds have low correlation with TAMBX (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
JAKVX
John Hancock Disciplined Value Global Long/Short F...0.15——
90
Long-ShortTAMBX vs JAKVX
JAAAX
John Hancock Funds Alternative Asset Allocation Fu...0.180.180.16
94
MultistrategyTAMBX vs JAAAX
DFSMX
DFA Short Term Municipal Bond Portfolio0.180.250.34
100
Municipal BondsTAMBX vs DFSMX
JCCIX
John Hancock Small Cap Core Fund0.200.130.11
51
Small Cap Blend EquitiesTAMBX vs JCCIX
DFABX
DFA Short-Term Selective State Municipal Bond Port...0.200.28—
100
Municipal BondsTAMBX vs DFABX
See all 25 diversifiers for TAMBX

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