Looking to diversify beyond OPP? The mutual funds below have historically moved differently from OPP, 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 OPP
17 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 0.04, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversifying Strategies Fund Class N | 0.04 | 0.09 | 0.01 | 92 | Tactical Allocation | OPP vs QDSNX | |
| RiverNorth Capital and Income Fund | 0.11 | 0.23 | 0.19 | 65 | High Yield Bonds | OPP vs RSF | |
| Quantified Evolution Plus Fund | 0.14 | 0.20 | 0.15 | 84 | Tactical Allocation | OPP vs QEVOX | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 0.19 | 0.28 | 0.26 | 60 | Municipal Bonds | OPP vs RFMZ | |
| Invesco Balanced-Risk Allocation Fund | 0.19 | 0.26 | 0.29 | 93 | Tactical Allocation | OPP vs ABRYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OPP
Add OPP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OPP