Looking to diversify beyond OWLLX? The mutual funds below have historically moved differently from OWLLX, 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 OWLLX
0 mutual funds have low correlation with OWLLX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.37, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.37 | 0.46 | 0.54 | 94 | Small Cap Value Equities | OWLLX vs AVALX | |
| Palm Valley Capital Fund Investor Class | 0.57 | 0.61 | 0.61 | 73 | Small Cap Value Equities | OWLLX vs PVCMX | |
| Bridgeway Ultra Small Company Market Fund | 0.62 | 0.75 | 0.78 | 75 | Small Cap Value Equities | OWLLX vs BRSIX | |
| North Star Dividend Fund | 0.70 | 0.77 | 0.83 | 74 | Small Cap Value Equities | OWLLX vs NSDVX | |
| Third Avenue Small Cap Value Fund | 0.73 | 0.75 | 0.82 | 94 | Small Cap Value Equities | OWLLX vs TASCX |
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