Looking to diversify beyond ODVIX? The mutual funds below have historically moved differently from ODVIX, 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 ODVIX
2 mutual funds have low correlation with ODVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.26 | 0.24 | 0.32 | 95 | Bank Loan | ODVIX vs FFRHX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.29 | 0.54 | 0.62 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | ODVIX vs GSIYX | |
| The Cook & Bynum Fund | 0.34 | 0.43 | 0.49 | 66 | Emerging Markets Equities | ODVIX vs COBYX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.41 | 0.47 | 0.52 | 90 | Large Cap Value Equities, Dividend | ODVIX vs CDDYX | |
| Invesco Comstock Fund | 0.45 | 0.50 | 0.56 | 83 | Large Cap Value Equities | ODVIX vs ACSTX |
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