Looking to diversify beyond OTCAX? The mutual funds below have historically moved differently from OTCAX, 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 OTCAX
0 mutual funds have low correlation with OTCAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Mid Cap Value Fund (ACMVX) (Mid Cap Value Equities) with a 1Y correlation of 0.44, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Mid Cap Value Fund | 0.44 | 0.54 | 0.64 | 70 | Mid Cap Value Equities | OTCAX vs ACMVX | |
| MFS Value Fund | 0.50 | 0.61 | 0.71 | 67 | Large Cap Value Equities | OTCAX vs MEIAX | |
| MFS Value Fund | 0.51 | 0.61 | 0.71 | 70 | Large Cap Value Equities | OTCAX vs MEIKX | |
| MFS Value Fund Class I | 0.51 | 0.61 | 0.71 | 69 | Large Cap Value Equities | OTCAX vs MEIIX | |
| Fidelity International Index Fund | 0.63 | 0.61 | 0.65 | 70 | Foreign Large Cap Equities | OTCAX vs FSPSX |
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