Looking to diversify beyond OIBAX? The mutual funds below have historically moved differently from OIBAX, 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 OIBAX
2 mutual funds have low correlation with OIBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Value Opportunities Fund (VVOAX) (Mid Cap Value Equities) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Value Opportunities Fund | 0.30 | 0.34 | 0.42 | 74 | Mid Cap Value Equities | OIBAX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.30 | 0.34 | 0.42 | 76 | Small Cap Value Equities | OIBAX vs VSCAX | |
| DFA Two Year Global Fixed Income Portfolio | 0.32 | 0.09 | 0.17 | 100 | Global Bonds | OIBAX vs DFGFX | |
| Invesco Comstock Fund | 0.33 | 0.32 | 0.40 | 83 | Large Cap Value Equities | OIBAX vs ACSTX | |
| Invesco Equity and Income Fund | 0.38 | 0.37 | 0.45 | 74 | Diversified Portfolio | OIBAX vs ACEIX |
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