Looking to diversify beyond ODMAX? The mutual funds below have the lowest correlation with ODMAX — 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 ODMAX.
Best Diversifiers for ODMAX
0 mutual funds have low correlation with ODMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.44, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.44 | 0.45 | 0.50 | 84 | Diversified Portfolio | ODMAX vs FKINX | |
| Invesco Comstock Fund | 0.48 | 0.52 | 0.57 | 60 | Large Cap Value Equities | ODMAX vs ACSTX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.50 | 0.63 | 0.68 | 87 | Emerging Markets Diversified | ODMAX vs ESCIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.52 | 0.54 | 0.56 | 52 | Large Cap Blend Equities, Dividend | ODMAX vs PRDGX | |
| Invesco Equity and Income Fund | 0.56 | 0.57 | 0.61 | 61 | Diversified Portfolio | ODMAX vs ACEIX |
See all 42 diversifiers for ODMAX
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