Looking to diversify beyond OILGX? The mutual funds below have the lowest correlation with OILGX — 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 OILGX.
Best Diversifiers for OILGX
9 mutual funds have low correlation with OILGX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Colorado Fund (VCTFX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Colorado Fund | 0.09 | 0.08 | 0.10 | 76 | Municipal Bonds | OILGX vs VCTFX | |
| Delaware Tax-Free Pennsylvania Fund | 0.12 | 0.09 | 0.11 | 70 | Municipal Bonds | OILGX vs DELIX | |
| Delaware Tax-Free California Fund | 0.13 | 0.09 | 0.11 | 53 | Municipal Bonds | OILGX vs DVTAX | |
| Delaware Tax-Free New York Fund | 0.13 | 0.08 | 0.09 | 61 | Municipal Bonds | OILGX vs FTNYX | |
| Delaware Tax-Free Oregon Fund | 0.13 | 0.07 | 0.09 | 69 | Municipal Bonds | OILGX vs FTORX |
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