Looking to diversify beyond OSTAX? The mutual funds below have historically moved differently from OSTAX, 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 OSTAX
10 mutual funds have low correlation with OSTAX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.20 | 0.24 | 91 | Municipal Bonds | OSTAX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.25 | 0.27 | 94 | Municipal Bonds | OSTAX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.06 | 0.10 | 0.08 | 99 | Municipal Bonds | OSTAX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.11 | 0.08 | 0.12 | 100 | Municipal Bonds | OSTAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.16 | 0.14 | 0.10 | 99 | Municipal Bonds | OSTAX vs FHMIX |
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