Looking to diversify beyond OEGAX? The mutual funds below have historically moved differently from OEGAX, 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 OEGAX
0 mutual funds have low correlation with OEGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.47, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.47 | 0.60 | 0.66 | 83 | Large Cap Value Equities | OEGAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.52 | 0.68 | 0.77 | 68 | Large Cap Blend Equities | OEGAX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.52 | 0.68 | 0.77 | 69 | S&P 500 | OEGAX vs VADDX | |
| Invesco Equity and Income Fund | 0.58 | 0.70 | 0.74 | 74 | Diversified Portfolio | OEGAX vs ACEIX | |
| USAA Extended Market Index Fund | 0.66 | 0.74 | 0.81 | 66 | Mid Cap Growth Equities | OEGAX vs USMIX |
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