Looking to diversify beyond OPCAX? The mutual funds below have the lowest correlation with OPCAX — 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 OPCAX.
Best Diversifiers for OPCAX
17 mutual funds have low correlation with OPCAX (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 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.18 | 0.20 | 96 | Municipal Bonds | OPCAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.20 | 0.21 | 95 | Municipal Bonds | OPCAX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.16 | 0.13 | 98 | Municipal Bonds | OPCAX vs FHMIX | |
| Invesco Small Cap Value Fund | 0.12 | 0.10 | 0.05 | 85 | Small Cap Value Equities | OPCAX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.15 | 0.12 | 0.06 | 80 | Mid Cap Value Equities | OPCAX vs VVOAX |
See all 25 diversifiers for OPCAX
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