Looking to diversify beyond OANIX? The mutual funds below have historically moved differently from OANIX, 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 OANIX
0 mutual funds have low correlation with OANIX (below 0.3), 0 of which are negatively correlated. The least correlated is Oakmark Select Fund (OAKLX) (Large Cap Value Equities) with a 1Y correlation of 0.43, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oakmark Select Fund | 0.43 | 0.51 | 0.63 | 51 | Large Cap Value Equities | OANIX vs OAKLX | |
| Kopernik International Fund | 0.51 | 0.47 | 0.58 | 58 | Foreign Large Cap Equities | OANIX vs KGIIX | |
| Federated Hermes International Strategic Value Div... | 0.53 | 0.58 | 0.68 | 87 | Foreign Large Cap Equities | OANIX vs IVFIX | |
| EuroPac International Dividend Income Fund | 0.53 | 0.62 | 0.68 | 83 | Foreign Large Cap Equities | OANIX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.54 | 0.62 | 0.68 | 82 | Foreign Large Cap Equities, Dividend | OANIX vs EPDPX |
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