Looking to diversify beyond OIBAX? The mutual funds below have the lowest correlation with OIBAX — 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 OIBAX.
Best Diversifiers for OIBAX
1 mutual funds have low correlation with OIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.25 | 0.07 | 0.16 | 100 | Global Bonds | OIBAX vs DFGFX | |
| Invesco Small Cap Value Fund | 0.31 | 0.35 | 0.42 | 79 | Small Cap Value Equities | OIBAX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.31 | 0.35 | 0.43 | 80 | Mid Cap Value Equities | OIBAX vs VVOAX | |
| Invesco Comstock Fund | 0.34 | 0.32 | 0.41 | 68 | Large Cap Value Equities | OIBAX vs ACSTX | |
| Invesco Nasdaq 100 Index Fund | 0.36 | 0.31 | 0.35 | 59 | Large Cap Growth Equities | OIBAX vs IVNQX |
See all 15 diversifiers for OIBAX
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