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Oakmark Select Fund (OAKLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund invests primarily in common stocks of U.S. companies. It could own as few as twelve securities, but generally will have approximately twenty securities in its portfolio and as a result, a higher percentage of the fund's total assets may at times be invested in a particular sector or industry. It generally invests in the securities of large- and mid-capitalization companies. The fund uses a value investment philosophy in selecting equity securities. It is non-diversified.

Looking to diversify beyond OAKLX? The mutual funds below have the lowest correlation with OAKLX — 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 OAKLX.

Best Diversifiers for OAKLX

2 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 0.24, down from 0.64 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NFFFX
American Funds New World Fund0.240.480.64
52
Emerging Markets EquitiesOAKLX vs NFFFX
LEXCX
Voya Corporate Leaders Trust Fund0.300.530.62
70
Large Cap Value EquitiesOAKLX vs LEXCX
GICIX
Goldman Sachs International Small Cap Insights Fun...0.300.460.60
52
Foreign Small & Mid Cap EquitiesOAKLX vs GICIX
YAFFX
AMG Yacktman Focused Fund0.310.580.72
86
Large Cap Value EquitiesOAKLX vs YAFFX
NEIMX
Neiman Large Cap Value Fund0.350.620.73
93
Large Cap Value EquitiesOAKLX vs NEIMX
See all 43 diversifiers for OAKLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from OAKLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OAKLX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-A) (Financial Services) with a 1Y correlation of 0.25, down from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-A
Berkshire Hathaway Inc.0.250.430.56
53
Financial Services

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