Looking to diversify beyond OPNYX? The mutual funds below have the lowest correlation with OPNYX — 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 OPNYX.
Best Diversifiers for OPNYX
14 mutual funds have low correlation with OPNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.16 | 0.13 | 99 | Municipal Bonds | OPNYX vs FHMIX | |
| Invesco Small Cap Value Fund | 0.14 | 0.12 | 0.07 | 82 | Small Cap Value Equities | OPNYX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.16 | 0.12 | 0.07 | 81 | Mid Cap Value Equities | OPNYX vs VVOAX | |
| Invesco Comstock Fund | 0.17 | 0.13 | 0.06 | 68 | Large Cap Value Equities | OPNYX vs ACSTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.27 | — | 100 | Municipal Bonds | OPNYX vs DFABX |
See all 26 diversifiers for OPNYX
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