Looking to diversify beyond OPP? The mutual funds below have the lowest correlation with OPP — 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 OPP.
Best Diversifiers for OPP
15 mutual funds have low correlation with OPP (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Diversifying Strategies Fund Class N (QDSNX) (Tactical Allocation) with a 1Y correlation of 0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversifying Strategies Fund Class N | 0.06 | 0.09 | 0.01 | 93 | Tactical Allocation | OPP vs QDSNX | |
| Quantified Evolution Plus Fund | 0.07 | 0.20 | 0.15 | 90 | Tactical Allocation | OPP vs QEVOX | |
| Astor Dynamic Allocation Fund | 0.17 | 0.33 | 0.34 | 86 | Tactical Allocation | OPP vs ASTIX | |
| Invesco Balanced-Risk Allocation Fund Class A | 0.20 | 0.28 | 0.30 | 95 | Tactical Allocation | OPP vs ABRZX | |
| Teberg Fund | 0.20 | 0.29 | 0.33 | 91 | Tactical Allocation | OPP vs TEBRX |
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