Looking to diversify beyond ONGFX? The mutual funds below have historically moved differently from ONGFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.06 | 0.08 | 83 | Diversified Portfolio | ONGFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.13 | 0.49 | 66 | Diversified Portfolio | ONGFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.60 | 89 | Diversified Portfolio | ONGFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.52 | 0.60 | 91 | Diversified Portfolio | ONGFX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.53 | 0.60 | 91 | Diversified Portfolio | ONGFX vs FSIRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ONGFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. Class A (BRK-A) (Financial Services) with a 1Y correlation of 0.02, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | 0.02 | 0.31 | 0.48 | 58 | Financial Services |
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