Looking to diversify beyond OAAYX? The mutual funds below have the lowest correlation with OAAYX — 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 OAAYX.
Best Diversifiers for OAAYX
1 mutual funds have low correlation with OAAYX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.00, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.15 | 0.50 | 75 | Diversified Portfolio | OAAYX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.63 | 85 | Diversified Portfolio | OAAYX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.63 | 89 | Diversified Portfolio | OAAYX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.63 | 88 | Diversified Portfolio | OAAYX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.40 | 0.58 | 0.63 | 89 | Diversified Portfolio | OAAYX vs FSRKX |
See all 35 diversifiers for OAAYX
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Diversification Analysis
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