Looking to diversify beyond OAZMX? The mutual funds below have the lowest correlation with OAZMX — 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 OAZMX.
Best Diversifiers for OAZMX
1 mutual funds have low correlation with OAZMX (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 0.76 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 | 0.76 | 53 | Large Cap Value Equities | OAZMX vs LEIFX | |
| Rational Equity Armor Fund | 0.39 | 0.52 | 0.64 | 57 | Large Cap Value Equities | OAZMX vs HDCTX | |
| Voya Corporate Leaders Trust Fund | 0.41 | 0.61 | 0.69 | 53 | Large Cap Value Equities | OAZMX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.45 | 0.58 | 0.66 | 70 | Large Cap Value Equities | OAZMX vs SVAIX | |
| Vanguard International High Dividend Yield Index F... | 0.52 | 0.60 | 0.70 | 73 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | OAZMX vs VIHAX |
See all 27 diversifiers for OAZMX
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