Looking to diversify beyond OIIEX? The mutual funds below have historically moved differently from OIIEX, 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 OIIEX
0 mutual funds have low correlation with OIIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax Free USA Fund (DMTFX) (Municipal Bonds) with a 1Y correlation of 0.32, up from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax Free USA Fund | 0.32 | 0.20 | 0.18 | 75 | Municipal Bonds | OIIEX vs DMTFX | |
| Federated Hermes International Strategic Value Div... | 0.34 | 0.46 | 0.59 | 88 | Foreign Large Cap Equities | OIIEX vs IVFIX | |
| Delaware National High-Yield Municipal Bond Fund | 0.36 | 0.21 | 0.19 | 72 | High Yield Muni | OIIEX vs CXHYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.37 | 0.63 | 0.72 | 61 | Foreign Large Cap Equities | OIIEX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.37 | 0.63 | 0.72 | 61 | Foreign Large Cap Equities | OIIEX vs GSINX |
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