Looking to diversify beyond OILGX? The mutual funds below have historically moved differently from OILGX, 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 OILGX
17 mutual funds have low correlation with OILGX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Ivy Securian Real Estate Securities Fund (IRSAX) (REIT) with a 1Y correlation of 0.05, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Ivy Securian Real Estate Securities Fund | 0.05 | 0.23 | 0.41 | 81 | REIT | OILGX vs IRSAX | |
| Delaware Tax-Free Colorado Fund | 0.11 | 0.07 | 0.10 | 84 | Municipal Bonds | OILGX vs VCTFX | |
| Delaware Tax-Free Oregon Fund | 0.13 | 0.07 | 0.09 | 80 | Municipal Bonds | OILGX vs FTORX | |
| Delaware Tax-Free Pennsylvania Fund | 0.14 | 0.09 | 0.11 | 80 | Municipal Bonds | OILGX vs DELIX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.15 | 0.08 | 0.11 | 84 | Municipal Bonds | OILGX vs DVMHX |
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