Looking to diversify beyond OGVCX? The mutual funds below have historically moved differently from OGVCX, 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 OGVCX
3 mutual funds have low correlation with OGVCX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.06 | 0.04 | 0.03 | 99 | Government Bonds | OGVCX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.24 | 0.47 | 0.47 | 99 | Government Bonds | OGVCX vs FEUGX | |
| JPMorgan Equity Income Fund R6 | 0.25 | 0.18 | 0.11 | 91 | Large Cap Value Equities, Dividend | OGVCX vs OIEJX | |
| DFA Short-Term Government Portfolio | 0.36 | 0.12 | 0.37 | 99 | Government Bonds | OGVCX vs DFFGX | |
| Davis Government Bond Fund | 0.39 | 0.50 | 0.60 | 78 | Government Bonds | OGVCX vs RFBAX |
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