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), 5 of which are negatively correlated. The least correlated is Arrow Managed Futures Stragegy Fund (MFTFX) (Systematic Trend) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Arrow Managed Futures Stragegy Fund | -0.05 | 0.04 | 0.03 | 65 | Systematic Trend | OOSAX vs MFTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.05 | — | — | 98 | Bank Loan | OOSAX vs CAPIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.04 | -0.02 | 0.05 | 80 | Bank Loan | OOSAX vs XPTFX | |
| Invesco Small Cap Value Fund | -0.02 | 0.13 | 0.19 | 89 | Small Cap Value Equities | OOSAX vs VSCAX | |
| RiverPark Floating Rate CMBS Fund | -0.01 | 0.03 | 0.09 | 100 | Bank Loan | OOSAX vs RCRIX |
See all 30 diversifiers for OOSAX
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