Looking to diversify beyond ONJAX? The mutual funds below have the lowest correlation with ONJAX — 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 ONJAX.
Best Diversifiers for ONJAX
17 mutual funds have low correlation with ONJAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.16 | 0.22 | 95 | Municipal Bonds | ONJAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.19 | 0.22 | 94 | Municipal Bonds | ONJAX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.24 | 0.33 | 99 | Municipal Bonds | ONJAX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.17 | 0.13 | 99 | Municipal Bonds | ONJAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.17 | 0.20 | 0.20 | 99 | Municipal Bonds | ONJAX vs TFCYX |
See all 26 diversifiers for ONJAX
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