Looking to diversify beyond OIFIX? The mutual funds below have the lowest correlation with OIFIX — 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 OIFIX.
Best Diversifiers for OIFIX
2 mutual funds have low correlation with OIFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Emerging Markets Fund (DEMIX) (Emerging Markets Diversified) with a 1Y correlation of 0.26, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 0.26 | 0.15 | 0.12 | 98 | Emerging Markets Diversified | OIFIX vs DEMIX | |
| Delaware Growth and Income Fund | 0.29 | 0.20 | 0.14 | 96 | Large Cap Value Equities | OIFIX vs FGINX | |
| Delaware Small Cap Value Fund | 0.34 | 0.25 | 0.15 | 61 | Small Cap Value Equities | OIFIX vs DEVLX | |
| Holbrook Income Fund Class I | 0.35 | 0.34 | 0.39 | 98 | Intermediate Core-Plus Bond | OIFIX vs HOBIX | |
| Delaware Opportunity Fund | 0.36 | 0.25 | 0.17 | 85 | Mid Cap Value Equities | OIFIX vs FIUSX |
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