Looking to diversify beyond OWFIX? The mutual funds below have historically moved differently from OWFIX, 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 OWFIX
0 mutual funds have low correlation with OWFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Tax-Aware Bond Fund (STWTX) (Intermediate Core Bond) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Tax-Aware Bond Fund | 0.64 | 0.65 | 0.65 | 64 | Intermediate Core Bond | OWFIX vs STWTX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.84 | 0.87 | 0.87 | 58 | Intermediate Core Bond | OWFIX vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.86 | 0.88 | 0.91 | 64 | Intermediate Core Bond | OWFIX vs LSSAX |
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