Looking to diversify beyond OASDX? The mutual funds below have the lowest correlation with OASDX — 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 OASDX.
Best Diversifiers for OASDX
4 mutual funds have low correlation with OASDX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of 0.02, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 0.02 | -0.01 | -0.02 | 63 | Long-Short | OASDX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.04 | -0.01 | -0.01 | 62 | Long-Short | OASDX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.08 | 0.31 | 0.26 | 60 | Long-Short | OASDX vs KCEIX | |
| Guggenheim Alpha Opportunity Fund | 0.25 | 0.24 | 0.31 | 58 | Long-Short | OASDX vs SAOAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.20 | 0.12 | 92 | Long-Short | OASDX vs BDMIX |
See all 17 diversifiers for OASDX
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