Looking to diversify beyond OAKCX? The mutual funds below have historically moved differently from OAKCX, 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 OAKCX
3 mutual funds have low correlation with OAKCX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.04 | 0.20 | 0.19 | 99 | Multisector Bonds | OAKCX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.23 | — | 99 | Multisector Bonds | OAKCX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.21 | 0.22 | 0.21 | 96 | Multisector Bonds | OAKCX vs CBLDX | |
| Intrepid Income Fund | 0.41 | 0.44 | — | 97 | Multisector Bonds, High Yield Bonds, Actively Managed | OAKCX vs ICMUX | |
| JPMorgan Income Fund Class I | 0.61 | 0.70 | 0.75 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | OAKCX vs JMSIX |
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