Looking to diversify beyond OFALX? The mutual funds below have the lowest correlation with OFALX — 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 OFALX.
Best Diversifiers for OFALX
0 mutual funds have low correlation with OFALX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.35, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.35 | 0.59 | 0.67 | 53 | Large Cap Value Equities | OFALX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.53 | 0.64 | 0.70 | 70 | Large Cap Value Equities | OFALX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.53 | 0.67 | 0.74 | 71 | Large Cap Value Equities | OFALX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.63 | 0.77 | 0.79 | 89 | Large Cap Value Equities | OFALX vs HFCVX | |
| Neiman Large Cap Value Fund | 0.64 | 0.73 | 0.81 | 94 | Large Cap Value Equities | OFALX vs NEIMX |
See all 20 diversifiers for OFALX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements OFALX
Add OFALX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OFALX