Looking to diversify beyond OPATX? The mutual funds below have the lowest correlation with OPATX — 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 OPATX.
Best Diversifiers for OPATX
17 mutual funds have low correlation with OPATX (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 -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.16 | 0.19 | 95 | Municipal Bonds | OPATX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.17 | 0.19 | 94 | Municipal Bonds | OPATX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.17 | 0.13 | 99 | Municipal Bonds | OPATX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.21 | 0.32 | 99 | Municipal Bonds | OPATX vs DFSMX | |
| Invesco Small Cap Value Fund | 0.15 | 0.13 | 0.06 | 87 | Small Cap Value Equities | OPATX vs VSCAX |
See all 29 diversifiers for OPATX
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