Looking to diversify beyond OOSAX? The mutual funds below have historically moved differently from OOSAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OOSAX
21 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 -0.06, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.06 | -0.00 | 0.06 | 92 | Bank Loan | OOSAX vs XPTFX | |
| Arrow Managed Futures Stragegy Fund | -0.03 | 0.04 | 0.03 | 72 | Systematic Trend | OOSAX vs MFTFX | |
| Invesco Small Cap Value Fund | -0.02 | 0.12 | 0.19 | 76 | Small Cap Value Equities | OOSAX vs VSCAX | |
| RiverPark Floating Rate CMBS Fund | -0.00 | 0.03 | 0.10 | 99 | Bank Loan | OOSAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.02 | — | — | 99 | Bank Loan | OOSAX vs CAPIX |
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