Looking to diversify beyond OSTIX? The mutual funds below have the lowest correlation with OSTIX — 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 OSTIX.
Best Diversifiers for OSTIX
10 mutual funds have low correlation with OSTIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10 | -0.04 | -0.02 | 100 | High Yield Bonds | OSTIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.12 | 0.12 | 100 | High Yield Bonds | OSTIX vs CCLFX | |
| Pioneer Corporate High Yield Fund | 0.11 | 0.52 | 0.66 | 58 | High Yield Bonds | OSTIX vs RCRYX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.27 | 0.30 | 100 | High Yield Bonds | OSTIX vs RPHIX | |
| Colorado Bond Shares A Tax Exempt Fund | 0.21 | 0.26 | 0.28 | 96 | Municipal Bonds | OSTIX vs HICOX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSTIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSTIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.24, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.24 | 0.29 | 0.38 | 82 | Technology |
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