Looking to diversify beyond OGEAX? The mutual funds below have historically moved differently from OGEAX, 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 OGEAX
1 mutual funds have low correlation with OGEAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.27 | 0.22 | 0.28 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | OGEAX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | OGEAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.36 | 0.41 | 59 | Preferred Stock | OGEAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.57 | 0.70 | 0.80 | 89 | Large Cap Blend Equities | OGEAX vs RCKSX | |
| JPMorgan Equity Income Fund R6 | 0.64 | 0.69 | 0.78 | 89 | Large Cap Value Equities, Dividend | OGEAX vs OIEJX |
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