Looking to diversify beyond OAKLX? The mutual funds below have historically moved differently from OAKLX, 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 OAKLX
8 mutual funds have low correlation with OAKLX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund (NFFFX) (Emerging Markets Equities) with a 1Y correlation of 0.16, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund | 0.16 | 0.45 | 0.62 | 54 | Emerging Markets Equities | OAKLX vs NFFFX | |
| GQG Partners US Quality Dividend Income Fund | 0.21 | 0.46 | 0.56 | 62 | Quality Factor, Large Cap Value Equities | OAKLX vs GQHPX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.23 | 0.43 | 0.58 | 74 | Foreign Small & Mid Cap Equities | OAKLX vs GICIX | |
| AMG Yacktman Focused Fund | 0.23 | 0.55 | 0.70 | 89 | Large Cap Value Equities | OAKLX vs YAFFX | |
| PRIMECAP Odyssey Aggressive Growth Fund | 0.26 | 0.54 | 0.67 | 78 | Mid Cap Growth Equities | OAKLX vs POAGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OAKLX, 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. Class A (BRK-A) (Financial Services) with a 1Y correlation of 0.25, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | 0.25 | 0.44 | 0.56 | 58 | Financial Services |
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