Looking to diversify beyond OWLSX? The mutual funds below have the lowest correlation with OWLSX — 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 OWLSX.
Best Diversifiers for OWLSX
3 mutual funds have low correlation with OWLSX (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 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Old Westbury New York Municipal Bond Fund | 0.23 | 0.18 | 0.14 | 63 | Municipal Bonds | OWLSX vs OWNYX | |
| Old Westbury Municipal Bond Fund | 0.26 | 0.19 | 0.14 | 62 | Municipal Bonds | OWLSX vs OWMBX | |
| Old Westbury California Municipal Bond Fund | 0.28 | 0.17 | 0.13 | 61 | Municipal Bonds | OWLSX vs OWCAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.60 | 0.70 | 81 | Global Equities | OWLSX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.52 | 0.62 | 0.72 | 57 | Global Equities | OWLSX vs PRAFX |
See all 31 diversifiers for OWLSX
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