Looking to diversify beyond OLVAX? The mutual funds below have the lowest correlation with OLVAX — 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 OLVAX.
Best Diversifiers for OLVAX
0 mutual funds have low correlation with OLVAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.31 | 0.24 | 0.26 | 76 | Multisector Bonds | OLVAX vs JMSIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.59 | 0.71 | 82 | Large Cap Value Equities | OLVAX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.48 | 0.68 | 0.79 | 52 | Large Cap Value Equities | OLVAX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.60 | 0.75 | 0.83 | 85 | Large Cap Value Equities | OLVAX vs HFCVX | |
| Fidelity Strategic Income Fund | 0.62 | 0.51 | 0.43 | 81 | Total Bond Market | OLVAX vs FADMX |
See all 31 diversifiers for OLVAX
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