Looking to diversify beyond LOMAX? The mutual funds below have historically moved differently from LOMAX, 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 LOMAX
3 mutual funds have low correlation with LOMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of 0.00, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | 0.00 | 0.22 | 0.40 | 72 | Large Cap Growth Equities | LOMAX vs FOCPX | |
| AMG Yacktman Focused Fund | 0.18 | 0.53 | 0.67 | 91 | Large Cap Value Equities | LOMAX vs YAFFX | |
| Nationwide S&P 500 Index Fund | 0.29 | 0.52 | 0.66 | 55 | S&P 500 | LOMAX vs GRISX | |
| BNY Mellon Equity Income Fund | 0.41 | 0.60 | 0.74 | 87 | Dividend, Large Cap Value Equities | LOMAX vs DQIRX | |
| Neiman Large Cap Value Fund | 0.43 | 0.64 | 0.77 | 96 | Large Cap Value Equities | LOMAX vs NEIMX |
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