Looking to diversify beyond OAYMX? The mutual funds below have historically moved differently from OAYMX, 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 OAYMX
2 mutual funds have low correlation with OAYMX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.26, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.26 | 0.57 | 0.72 | 89 | Large Cap Value Equities | OAYMX vs YAFFX | |
| GQG Partners US Quality Dividend Income Fund | 0.27 | 0.51 | 0.61 | 62 | Quality Factor, Large Cap Value Equities | OAYMX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.31 | 0.57 | 0.75 | 72 | Dividend, Large Cap Value Equities | OAYMX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.34 | 0.58 | 0.67 | 93 | Large Cap Value Equities | OAYMX vs LEXCX | |
| Neiman Large Cap Value Fund | 0.41 | 0.65 | 0.76 | 95 | Large Cap Value Equities | OAYMX vs NEIMX |
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