Looking to diversify beyond OAKMX? The mutual funds below have the lowest correlation with OAKMX — 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 OAKMX.
Best Diversifiers for OAKMX
4 mutual funds have low correlation with OAKMX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Intermediate-Term Tax-Free Bond Fund (TWTIX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Intermediate-Term Tax-Free Bond F... | 0.14 | 0.13 | 0.08 | 70 | Municipal Bonds | OAKMX vs TWTIX | |
| Fidelity Floating Rate High Income Fund | 0.16 | 0.29 | 0.34 | 92 | Bank Loan | OAKMX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.36 | 0.54 | 96 | Semiconductors, Technology Equities | OAKMX vs FSELX | |
| Federated Hermes Equity Income Fund | 0.22 | 0.57 | 0.75 | 65 | Large Cap Value Equities | OAKMX vs LEIFX | |
| Fidelity Emerging Markets K | 0.30 | 0.43 | 0.55 | 82 | Emerging Markets Equities | OAKMX vs FKEMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OAKMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OAKMX and solid risk/return profiles. The least correlated is Nuveen Quality Municipal Income Fund (NAD) (Financial Services) with a 1Y correlation of 0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen Quality Municipal Income Fund | 0.12 | 0.25 | 0.24 | 78 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.23 | 0.44 | 0.57 | 96 | Financial Services | |
| Sirius XM Holdings Inc. | 0.41 | 0.43 | 0.46 | 71 | Communication Services |
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