Looking to diversify beyond OAKCX? The mutual funds below have the lowest correlation with OAKCX — 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 OAKCX.
Best Diversifiers for OAKCX
3 mutual funds have low correlation with OAKCX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.02, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.02 | 0.21 | — | 99 | Multisector Bonds | OAKCX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.23 | — | 99 | Multisector Bonds | OAKCX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.21 | — | 97 | Multisector Bonds | OAKCX vs CBLDX | |
| Intrepid Income Fund | 0.43 | 0.45 | — | 97 | Multisector Bonds | OAKCX vs ICMUX | |
| JPMorgan Income Fund | 0.62 | 0.70 | — | 86 | Multisector Bonds | OAKCX vs JMSIX |
See all 14 diversifiers for OAKCX
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