Looking to diversify beyond OPCAX? The mutual funds below have historically moved differently from OPCAX, 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 OPCAX
18 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 -0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.15 | 0.20 | 91 | Municipal Bonds | OPCAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.19 | 0.22 | 94 | Municipal Bonds | OPCAX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.17 | 0.14 | 99 | Municipal Bonds | OPCAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.22 | 0.20 | 99 | Municipal Bonds | OPCAX vs TFCYX | |
| Invesco Value Opportunities Fund | 0.17 | 0.12 | 0.07 | 74 | Mid Cap Value Equities | OPCAX vs VVOAX |
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