Looking to diversify beyond OPOCX? The mutual funds below have the lowest correlation with OPOCX — 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 OPOCX.
Best Diversifiers for OPOCX
0 mutual funds have low correlation with OPOCX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Emerging Markets Equity Index Fund (SSKEX) (Emerging Markets Diversified) with a 1Y correlation of 0.40, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.40 | 0.43 | 0.49 | 90 | Emerging Markets Diversified | OPOCX vs SSKEX | |
| Vanguard Equity Income Fund Admiral Shares | 0.58 | 0.64 | 0.67 | 59 | Large Cap Value Equities | OPOCX vs VEIRX | |
| Invesco Comstock Fund | 0.62 | 0.68 | 0.71 | 63 | Large Cap Value Equities | OPOCX vs ACSTX | |
| Principal Equity Income Fund | 0.65 | 0.71 | 0.75 | 71 | Large Cap Value Equities | OPOCX vs PQIAX | |
| Invesco Equity and Income Fund | 0.73 | 0.77 | 0.79 | 63 | Diversified Portfolio | OPOCX vs ACEIX |
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