Looking to diversify beyond OANMX? The mutual funds below have the lowest correlation with OANMX — 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 OANMX.
Best Diversifiers for OANMX
1 mutual funds have low correlation with OANMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.26, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.26 | 0.57 | 0.75 | 71 | Large Cap Value Equities | OANMX vs LEIFX | |
| AMG Yacktman Focused Fund | 0.34 | 0.60 | 0.74 | 86 | Large Cap Value Equities | OANMX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.37 | 0.60 | 0.68 | 68 | Large Cap Value Equities | OANMX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.45 | 0.58 | 0.66 | 86 | Large Cap Value Equities | OANMX vs SVAIX | |
| Neiman Large Cap Value Fund | 0.47 | 0.67 | 0.77 | 93 | Large Cap Value Equities | OANMX vs NEIMX |
See all 44 diversifiers for OANMX
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