Looking to diversify beyond ONCFX? The mutual funds below have the lowest correlation with ONCFX — 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 ONCFX.
Best Diversifiers for ONCFX
1 mutual funds have low correlation with ONCFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.45 | 64 | Diversified Portfolio | ONCFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.62 | 96 | Diversified Portfolio | ONCFX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.62 | 96 | Diversified Portfolio | ONCFX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.58 | 0.61 | 95 | Diversified Portfolio | ONCFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.58 | 0.62 | 96 | Diversified Portfolio | ONCFX vs FSRRX |
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