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Looking to diversify beyond OPGSX? The mutual funds below have historically moved differently from OPGSX, 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 OPGSX

38 mutual funds have low correlation with OPGSX (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.29 over 5 years.

How candidates are selected

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for OPGSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Harmony Gold Mining Company Limited (HMY) (Basic Materials) with a 1Y correlation of 0.79, roughly unchanged from 0.74 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Harmony Gold Mining Company Limited0.790.740.74
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Basic Materials

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