Looking to diversify beyond OAZMX? The mutual funds below have historically moved differently from OAZMX, 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 OAZMX
3 mutual funds have low correlation with OAZMX (below 0.3), 0 of which are negatively correlated. The least correlated is Rational Equity Armor Fund (HDCTX) (Large Cap Value Equities) with a 1Y correlation of 0.24, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Equity Armor Fund | 0.24 | 0.49 | 0.61 | 51 | Large Cap Value Equities | OAZMX vs HDCTX | |
| AMG Yacktman Focused Fund | 0.26 | 0.57 | 0.72 | 93 | Large Cap Value Equities | OAZMX vs YAFFX | |
| GQG Partners US Quality Dividend Income Fund | 0.27 | 0.51 | 0.61 | 54 | Quality Factor, Large Cap Value Equities | OAZMX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.31 | 0.57 | 0.75 | 69 | Dividend, Large Cap Value Equities | OAZMX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.34 | 0.58 | 0.67 | 94 | Large Cap Value Equities | OAZMX vs LEXCX |
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