Looking to diversify beyond OGLVX? The mutual funds below have the lowest correlation with OGLVX — 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 OGLVX.
Best Diversifiers for OGLVX
6 mutual funds have low correlation with OGLVX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.06 | 0.16 | 75 | Short-Term Bond | OGLVX vs LCCMX | |
| GuidepathConservative Income Fund | 0.16 | 0.32 | 0.40 | 99 | Short-Term Bond | OGLVX vs GPICX | |
| JPMorgan Equity Income Fund R6 | 0.17 | 0.05 | 0.08 | 65 | Large Cap Value Equities, Dividend | OGLVX vs OIEJX | |
| GuidePath Absolute Return Allocation Fund | 0.23 | 0.55 | 0.60 | 74 | Short-Term Bond | OGLVX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.24 | 0.28 | 0.38 | 99 | Short-Term Bond | OGLVX vs DFAIX |
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