Looking to diversify beyond ODMAX? The mutual funds below have historically moved differently from ODMAX, 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 ODMAX
2 mutual funds have low correlation with ODMAX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.13 | 0.25 | 0.25 | 65 | Commodities | ODMAX vs MCSFX | |
| Dodge & Cox Stock Fund Class I | 0.30 | 0.41 | 0.50 | 75 | Large Cap Value Equities | ODMAX vs DODGX | |
| MFS Value Fund Class I | 0.32 | 0.41 | 0.50 | 79 | Large Cap Value Equities | ODMAX vs MEIIX | |
| The Cook & Bynum Fund | 0.34 | 0.43 | 0.49 | 62 | Emerging Markets Equities | ODMAX vs COBYX | |
| Franklin Income Fund Class A1 | 0.38 | 0.42 | 0.50 | 93 | Diversified Portfolio | ODMAX vs FKINX |
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