Looking to diversify beyond OFIGX? The mutual funds below have historically moved differently from OFIGX, 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 OFIGX
0 mutual funds have low correlation with OFIGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.36, down from 0.49 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.36 | 0.49 | — | 88 | Foreign Large Cap Equities | OFIGX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.40 | 0.65 | — | 61 | Foreign Large Cap Equities | OFIGX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.40 | 0.66 | — | 57 | Foreign Large Cap Equities | OFIGX vs GSIHX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.40 | 0.66 | — | 61 | Foreign Large Cap Equities | OFIGX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.41 | 0.61 | — | 71 | Quality Factor, Foreign Large Cap Equities | OFIGX vs GQJPX |
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