Looking to diversify beyond OIEIX? The mutual funds below have the lowest correlation with OIEIX — 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 OIEIX.
Best Diversifiers for OIEIX
1 mutual funds have low correlation with OIEIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.21 | 0.21 | 0.26 | 80 | Multisector Bonds | OIEIX vs JMSIX | |
| EuroPac International Dividend Income Fund Class A | 0.42 | 0.46 | 0.55 | 87 | Foreign Large Cap Equities, Dividend | OIEIX vs EPDPX | |
| Wells Fargo Advantage Funds - Allspring Global Div... | 0.52 | 0.55 | 0.63 | 82 | Dividend | OIEIX vs EOD | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.54 | 0.58 | 0.74 | 88 | Dividend | OIEIX vs FDGDX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.56 | 0.67 | 0.77 | 68 | Dividend | OIEIX vs SVAAX |
See all 21 diversifiers for OIEIX
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Diversification Analysis
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