Looking to diversify beyond OSTIX? The mutual funds below have historically moved differently from OSTIX, 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 OSTIX
12 mutual funds have low correlation with OSTIX (below 0.3), 2 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.
How candidates are selected| 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 | |
| Fairholme Focused Income Fund | -0.07 | 0.19 | 0.33 | 73 | High Yield Bonds | OSTIX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.13 | 0.11 | 0.13 | 100 | Bank Loan, High Yield Bonds | OSTIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.29 | 0.31 | 100 | High Yield Bonds | OSTIX vs RPHIX | |
| The Arbitrage Fund Class Institutional | 0.25 | 0.28 | 0.34 | 96 | Event Driven | OSTIX vs ARBNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OSTIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.27, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.27 | 0.28 | 0.38 | 56 | Technology |
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