Looking to diversify beyond ONGFX? The mutual funds below have the lowest correlation with ONGFX — 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 ONGFX.
Best Diversifiers for ONGFX
2 mutual funds have low correlation with ONGFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.04 | 0.10 | 58 | Diversified Portfolio | ONGFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.14 | 0.50 | 69 | Diversified Portfolio | ONGFX vs MHELX | |
| JPMorgan Income Fund | 0.36 | 0.36 | 0.40 | 86 | Multisector Bonds | ONGFX vs JMSIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.61 | 79 | Diversified Portfolio | ONGFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.54 | 0.61 | 83 | Diversified Portfolio | ONGFX vs FIQDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONGFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONGFX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-A) (Financial Services) with a 1Y correlation of 0.06, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.32 | 0.48 | 53 | Financial Services |
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