Looking to diversify beyond OLCAX? The mutual funds below have the lowest correlation with OLCAX — 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 OLCAX.
Best Diversifiers for OLCAX
16 mutual funds have low correlation with OLCAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.17 | 0.19 | 94 | Municipal Bonds | OLCAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.19 | 0.21 | 94 | Municipal Bonds | OLCAX vs DMREX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.09 | 0.25 | — | 100 | Municipal Bonds | OLCAX vs DFABX | |
| Invesco Comstock Fund | 0.09 | 0.09 | 0.05 | 63 | Large Cap Value Equities | OLCAX vs ACSTX | |
| Invesco Small Cap Value Fund | 0.10 | 0.09 | 0.05 | 89 | Small Cap Value Equities | OLCAX vs VSCAX |
See all 25 diversifiers for OLCAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements OLCAX
Add OLCAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OLCAX