Looking to diversify beyond OSTAX? The mutual funds below have the lowest correlation with OSTAX — 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 OSTAX.
Best Diversifiers for OSTAX
12 mutual funds have low correlation with OSTAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | 0.21 | 0.24 | 95 | Municipal Bonds | OSTAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.26 | 0.27 | 94 | Municipal Bonds | OSTAX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.09 | 0.08 | 99 | Municipal Bonds | OSTAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.14 | 0.10 | 99 | Municipal Bonds | OSTAX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.08 | 0.12 | 99 | Municipal Bonds | OSTAX vs ATOIX |
See all 25 diversifiers for OSTAX
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