Looking to diversify beyond TAUSX? The mutual funds below have historically moved differently from TAUSX, 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 TAUSX
10 mutual funds have low correlation with TAUSX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Floating Rate Income Fund (JFIIX) (Bank Loan) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Floating Rate Income Fund | 0.16 | 0.11 | 0.13 | 53 | Bank Loan | TAUSX vs JFIIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.18 | 0.24 | 0.22 | 96 | Multistrategy | TAUSX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.19 | — | — | 94 | Long-Short | TAUSX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.20 | 0.18 | 0.18 | 94 | Long-Short | TAUSX vs JAKVX | |
| John Hancock Classic Value Fund | 0.23 | 0.18 | 0.10 | 53 | Large Cap Value Equities | TAUSX vs PZFVX |
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