Looking to diversify beyond OPMYX? The mutual funds below have the lowest correlation with OPMYX — 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 OPMYX.
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 Diversified) with a 1Y correlation of 0.54, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund | 0.54 | 0.65 | 0.74 | 65 | Emerging Markets Diversified | OPMYX vs NEWFX | |
| Invesco Nasdaq 100 Index Fund | 0.56 | 0.65 | 0.75 | 76 | Large Cap Growth Equities | OPMYX vs IVNQX | |
| Quantified Common Ground Fund | 0.65 | 0.78 | 0.81 | 61 | Mid Cap Blend Equities | OPMYX vs QCGDX | |
| Tarkio Fund | 0.66 | 0.76 | 0.82 | 68 | Mid Cap Blend Equities | OPMYX vs TARKX | |
| Paradigm Select Fund | 0.66 | 0.78 | 0.85 | 92 | Mid Cap Blend Equities | OPMYX vs PFSLX |
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