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
15 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 | 96 | Municipal Bonds | OLCAX vs DCARX | |
| Invesco Small Cap Value Fund | 0.04 | 0.08 | 0.04 | 89 | Small Cap Value Equities | OLCAX vs VSCAX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.19 | 0.21 | 95 | Municipal Bonds | OLCAX vs DMREX | |
| Invesco Comstock Fund | 0.06 | 0.07 | 0.04 | 59 | Large Cap Value Equities | OLCAX vs ACSTX | |
| Invesco Equity and Income Fund | 0.07 | 0.11 | 0.08 | 67 | Diversified Portfolio | OLCAX vs ACEIX |
See all 23 diversifiers for OLCAX
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