Looking to diversify beyond OLGAX? The mutual funds below have the lowest correlation with OLGAX — 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 OLGAX.
Best Diversifiers for OLGAX
17 mutual funds have low correlation with OLGAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Short Duration Bond A (OGLVX) (Short-Term Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Short Duration Bond A | 0.11 | 0.06 | 0.10 | 74 | Short-Term Bond | OLGAX vs OGLVX | |
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.01 | -0.00 | 99 | Municipal Bonds | OLGAX vs USMTX | |
| JPMorgan Short Duration Bond Fund Class C | 0.13 | 0.08 | 0.09 | 61 | Short-Term Bond | OLGAX vs OSTCX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.13 | -0.04 | -0.11 | 99 | Total Bond Market | OLGAX vs JSOSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.08 | 0.06 | 99 | Municipal Bonds | OLGAX vs USMSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OLGAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLGAX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.18, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.18 | 0.26 | 0.40 | 69 | Financial Services | |
| JPMorgan Chase & Co. | 0.32 | 0.36 | 0.46 | 69 | Financial Services |
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