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
2 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 0.28, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Old Westbury Municipal Bond Fund | 0.28 | 0.23 | 0.17 | 60 | Municipal Bonds | OWSMX vs OWMBX | |
| Old Westbury New York Municipal Bond Fund | 0.29 | 0.22 | 0.18 | 59 | Municipal Bonds | OWSMX vs OWNYX | |
| Old Westbury California Municipal Bond Fund | 0.35 | 0.21 | 0.16 | 58 | Municipal Bonds | OWSMX vs OWCAX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.48 | 0.54 | 0.62 | 52 | Global Equities | OWSMX vs CSUAX | |
| T. Rowe Price Global Technology Fund I Class | 0.60 | 0.62 | 0.72 | 88 | Technology Equities, Global Equities | OWSMX vs PGTIX |
See all 29 diversifiers for OWSMX
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