Looking to diversify beyond OPMYX? The mutual funds below have historically moved differently from OPMYX, 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 OPMYX
0 mutual funds have low correlation with OPMYX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund (NEWFX) (Emerging Markets Equities) with a 1Y correlation of 0.58, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund | 0.58 | 0.65 | 0.73 | 53 | Emerging Markets Equities | OPMYX vs NEWFX | |
| Victory RS Investors Fund | 0.59 | 0.73 | 0.80 | 73 | Mid Cap Blend Equities | OPMYX vs RSINX | |
| MFS Research International Fund | 0.62 | 0.66 | 0.72 | 57 | Foreign Large Cap Equities | OPMYX vs MRSIX | |
| 13D Activist Fund | 0.64 | 0.77 | 0.83 | 78 | Mid Cap Blend Equities | OPMYX vs DDDIX | |
| Royce Dividend Value Fund | 0.65 | 0.81 | 0.87 | 65 | Mid Cap Blend Equities | OPMYX vs RYDVX |
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