Looking to diversify beyond OOSAX? The mutual funds below have the lowest correlation with OOSAX — 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 OOSAX.
Best Diversifiers for OOSAX
17 mutual funds have low correlation with OOSAX (below 0.3), 4 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.01 | 0.05 | 84 | Bank Loan | OOSAX vs XPTFX | |
| Arrow Managed Futures Stragegy Fund | -0.04 | 0.04 | 0.03 | 79 | Systematic Trend | OOSAX vs MFTFX | |
| Invesco Small Cap Value Fund | -0.00 | 0.13 | 0.19 | 89 | Small Cap Value Equities | OOSAX vs VSCAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.00 | — | — | 98 | Bank Loan | OOSAX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.00 | 0.03 | 0.09 | 100 | Bank Loan | OOSAX vs RCRIX |
See all 30 diversifiers for OOSAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements OOSAX
Add OOSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OOSAX