Looking to diversify beyond OCMGX? The mutual funds below have the lowest correlation with OCMGX — 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 OCMGX.
Best Diversifiers for OCMGX
1 mutual funds have low correlation with OCMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.25, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.22 | 0.23 | 97 | Semiconductors, Technology Equities | OCMGX vs FSELX | |
| Thornburg Investment Income Builder Fund Class I | 0.36 | 0.38 | 0.38 | 98 | Diversified Portfolio | OCMGX vs TIBIX | |
| U.S. Global Investors World Precious Minerals Fund | 0.86 | 0.81 | 0.81 | 73 | Precious Metals | OCMGX vs UNWPX |
Diversification Analysis
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