Looking to diversify beyond OILVX? The mutual funds below have historically moved differently from OILVX, 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 OILVX
3 mutual funds have low correlation with OILVX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware National High-Yield Municipal Bond Fund (CXHYX) (High Yield Muni) with a 1Y correlation of 0.26, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware National High-Yield Municipal Bond Fund | 0.26 | 0.17 | 0.11 | 56 | High Yield Muni | OILVX vs CXHYX | |
| Delaware Tax Free USA Fund | 0.28 | 0.18 | 0.12 | 63 | Municipal Bonds | OILVX vs DMTFX | |
| GQG Partners US Quality Dividend Income Fund | 0.30 | 0.58 | 0.70 | 58 | Quality Factor, Large Cap Value Equities | OILVX vs GQHPX | |
| Delaware Emerging Markets Fund | 0.32 | 0.37 | 0.44 | 92 | Emerging Markets Equities | OILVX vs DEMIX | |
| Voya Corporate Leaders Trust Fund | 0.32 | 0.59 | 0.71 | 94 | Large Cap Value Equities | OILVX vs LEXCX |
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