Looking to diversify beyond OWSMX? The mutual funds below have the lowest correlation with OWSMX — 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 OWSMX.
Best Diversifiers for OWSMX
3 mutual funds have low correlation with OWSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Old Westbury Municipal Bond Fund (OWMBX) (Municipal Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Old Westbury Municipal Bond Fund | 0.24 | 0.22 | 0.17 | 62 | Municipal Bonds | OWSMX vs OWMBX | |
| Old Westbury New York Municipal Bond Fund | 0.25 | 0.22 | 0.18 | 63 | Municipal Bonds | OWSMX vs OWNYX | |
| Old Westbury California Municipal Bond Fund | 0.29 | 0.20 | 0.16 | 61 | Municipal Bonds | OWSMX vs OWCAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.67 | 0.74 | 0.79 | 81 | Global Equities | OWSMX vs RTXAX | |
| SEI Institutional Investments Trust Global Managed... | 0.70 | 0.72 | 0.74 | 55 | Global Equities | OWSMX vs SGMAX |
See all 27 diversifiers for OWSMX
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