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
14 mutual funds have low correlation with TAMBX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.24 | 0.34 | 99 | Municipal Bonds | TAMBX vs DFSMX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.16 | — | — | 81 | Long-Short | TAMBX vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.18 | 0.18 | 0.15 | 93 | Multistrategy | TAMBX vs JAAAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.28 | — | 100 | Municipal Bonds | TAMBX vs DFABX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.22 | 0.15 | 0.13 | 65 | Large Cap Blend Equities | TAMBX vs JFIVX |
See all 23 diversifiers for TAMBX
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