Looking to diversify beyond OIFIX? The mutual funds below have historically moved differently from OIFIX, 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 OIFIX
2 mutual funds have low correlation with OIFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Growth and Income Fund (FGINX) (Large Cap Value Equities) with a 1Y correlation of 0.26, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Growth and Income Fund | 0.26 | 0.20 | 0.15 | 98 | Large Cap Value Equities | OIFIX vs FGINX | |
| Delaware Emerging Markets Fund | 0.28 | 0.16 | 0.13 | 91 | Emerging Markets Equities | OIFIX vs DEMIX | |
| Delaware Opportunity Fund | 0.35 | 0.25 | 0.18 | 89 | Mid Cap Value Equities | OIFIX vs FIUSX | |
| Delaware Small Cap Value Fund | 0.35 | 0.24 | 0.17 | 78 | Small Cap Value Equities | OIFIX vs DEVLX | |
| Delaware Small Cap Core Fund | 0.37 | 0.26 | 0.21 | 68 | Small Cap Blend Equities | OIFIX vs DCCIX |
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