Looking to diversify beyond OAYMX? The mutual funds below have the lowest correlation with OAYMX — 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 OAYMX.
Best Diversifiers for OAYMX
1 mutual funds have low correlation with OAYMX (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 0.15, 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 | 0.15 | 0.57 | 0.75 | 53 | Large Cap Value Equities | OAYMX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.60 | 0.68 | 53 | Large Cap Value Equities | OAYMX vs LEXCX | |
| Rational Equity Armor Fund | 0.39 | 0.52 | 0.64 | 57 | Large Cap Value Equities | OAYMX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.57 | 0.66 | 70 | Large Cap Value Equities | OAYMX vs SVAIX | |
| Vanguard International High Dividend Yield Index F... | 0.52 | 0.61 | 0.70 | 73 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | OAYMX vs VIHAX |
See all 28 diversifiers for OAYMX
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