Looking to diversify beyond OIEIX? The mutual funds below have historically moved differently from OIEIX, 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 OIEIX
2 mutual funds have low correlation with OIEIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.25 | 0.21 | 0.25 | 73 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | OIEIX vs JMSIX | |
| Voya Asia Pacific High Dividend Equity Income Fund | 0.29 | 0.36 | 0.42 | 63 | Derivative Income, Dividend, Asia Pacific Equities | OIEIX vs IAE | |
| Allspring Emerging Markets Equity Income Fund | 0.35 | 0.37 | 0.46 | 70 | Dividend, Emerging Markets Equities | OIEIX vs EQIIX | |
| EuroPac International Dividend Income Fund Class A | 0.43 | 0.44 | 0.54 | 82 | Foreign Large Cap Equities, Dividend | OIEIX vs EPDPX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.49 | 0.63 | 0.75 | 94 | Dividend | OIEIX vs SVAAX |
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