Looking to diversify beyond OAKIX? The mutual funds below have historically moved differently from OAKIX, 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 OAKIX
0 mutual funds have low correlation with OAKIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.47, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.47 | 0.57 | 0.68 | 53 | Foreign Large Cap Equities | OAKIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.47 | 0.57 | 0.68 | 54 | Foreign Large Cap Equities | OAKIX vs GSIMX | |
| Kopernik International Fund | 0.51 | 0.48 | 0.58 | 62 | Foreign Large Cap Equities | OAKIX vs KGIIX | |
| Federated Hermes International Strategic Value Div... | 0.53 | 0.58 | 0.68 | 88 | Foreign Large Cap Equities | OAKIX vs IVFIX | |
| EuroPac International Dividend Income Fund Class A | 0.53 | 0.62 | 0.68 | 84 | Foreign Large Cap Equities, Dividend | OAKIX vs EPDPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OAKIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.17, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.17 | 0.30 | 0.44 | 61 | Financial Services |
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