Looking to diversify beyond OAYLX? The mutual funds below have the lowest correlation with OAYLX — 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 OAYLX.
Best Diversifiers for OAYLX
2 mutual funds have low correlation with OAYLX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.14 | 0.09 | 0.07 | 72 | Large Cap Blend Equities | OAYLX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.21 | 0.28 | 0.37 | 69 | Large Cap Blend Equities | OAYLX vs ORDNX | |
| Archer Multi Cap Fund | 0.39 | 0.65 | 0.75 | 83 | Large Cap Blend Equities | OAYLX vs ALSMX | |
| CIT: BlackRock Equity Index Fund Class 1 | 0.39 | — | — | 78 | Large Cap Blend Equities | OAYLX vs WBREOX | |
| Fidelity Mega Cap Stock Fund | 0.42 | 0.62 | 0.75 | 78 | Large Cap Blend Equities | OAYLX vs FGRTX |
See all 37 diversifiers for OAYLX
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