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 Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.26, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.26 | 0.39 | 0.54 | 77 | Global Equities | OWLSX vs CSUAX | |
| Old Westbury New York Municipal Bond Fund | 0.28 | 0.19 | 0.15 | 59 | Municipal Bonds | OWLSX vs OWNYX | |
| Nuveen Global Infrastructure Fund Class A | 0.30 | 0.44 | 0.61 | 70 | Global Equities | OWLSX vs FGIAX | |
| Old Westbury Municipal Bond Fund | 0.31 | 0.20 | 0.15 | 58 | Municipal Bonds | OWLSX vs OWMBX | |
| Old Westbury California Municipal Bond Fund | 0.33 | 0.18 | 0.14 | 57 | Municipal Bonds | OWLSX vs OWCAX |
See all 39 diversifiers for OWLSX
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