Looking to diversify beyond OCMAX? The mutual funds below have historically moved differently from OCMAX, 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 OCMAX
0 mutual funds have low correlation with OCMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.34, up from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.34 | 0.23 | 0.24 | 80 | Semiconductors, Technology Equities | OCMAX vs FSELX | |
| U.S. Global Investors World Precious Minerals Fund | 0.90 | 0.84 | 0.82 | 56 | Precious Metals | OCMAX vs UNWPX |
Diversification Analysis
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