Looking to diversify beyond OWFIX? The mutual funds below have the lowest correlation with OWFIX — 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 OWFIX.
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 Old Westbury New York Municipal Bond Fund (OWNYX) (Municipal Bonds) with a 1Y correlation of 0.57, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Old Westbury New York Municipal Bond Fund | 0.57 | 0.64 | 0.61 | 61 | Municipal Bonds | OWFIX vs OWNYX | |
| Old Westbury Municipal Bond Fund | 0.60 | 0.65 | 0.61 | 62 | Municipal Bonds | OWFIX vs OWMBX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.61 | 0.64 | 0.65 | 53 | Intermediate Core Bond | OWFIX vs STWTX | |
| Old Westbury California Municipal Bond Fund | 0.63 | 0.63 | 0.61 | 60 | Municipal Bonds | OWFIX vs OWCAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.85 | 0.88 | 0.87 | 54 | Intermediate Core Bond | OWFIX vs PCGTX |
See all 6 diversifiers for OWFIX
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