Looking to diversify beyond ONIFX? The mutual funds below have the lowest correlation with ONIFX — 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 ONIFX.
Best Diversifiers for ONIFX
1 mutual funds have low correlation with ONIFX (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 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.51 | 70 | Diversified Portfolio | ONIFX vs MHELX | |
| JPMorgan Income Fund | 0.31 | 0.29 | 0.34 | 78 | Multisector Bonds | ONIFX vs JMSIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.61 | 82 | Diversified Portfolio | ONIFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.36 | 0.54 | 0.61 | 87 | Diversified Portfolio | ONIFX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.54 | 0.61 | 86 | Diversified Portfolio | ONIFX vs FSIRX |
See all 31 diversifiers for ONIFX
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Diversification Analysis
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