Looking to diversify beyond ONGIX? The mutual funds below have the lowest correlation with ONGIX — 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 ONGIX.
Best Diversifiers for ONGIX
2 mutual funds have low correlation with ONGIX (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 -0.20, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.01 | 0.12 | 73 | Diversified Portfolio | ONGIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.52 | 64 | Diversified Portfolio | ONGIX vs MHELX | |
| JPMorgan Income Fund | 0.32 | 0.35 | 0.40 | 80 | Multisector Bonds | ONGIX vs JMSIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.62 | 96 | Diversified Portfolio | ONGIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.56 | 0.62 | 95 | Diversified Portfolio | ONGIX vs FCSRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONGIX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.52, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.52 | 0.54 | 0.59 | 69 | Financial Services |
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