Looking to diversify beyond ODVYX? The mutual funds below have historically moved differently from ODVYX, 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 ODVYX
1 mutual funds have low correlation with ODVYX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.28, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.28 | 0.54 | 0.62 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | ODVYX vs GSIYX | |
| The Cook & Bynum Fund | 0.32 | 0.43 | 0.49 | 66 | Emerging Markets Equities | ODVYX vs COBYX | |
| Invesco Comstock Fund | 0.43 | 0.50 | 0.56 | 83 | Large Cap Value Equities | ODVYX vs ACSTX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.61 | 0.67 | 92 | Emerging Markets Equities | ODVYX vs ESCIX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.49 | 0.54 | 0.60 | 68 | Large Cap Blend Equities | ODVYX vs VADAX |
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