Looking to diversify beyond OYMIX? The mutual funds below have the lowest correlation with OYMIX — 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 OYMIX.
Best Diversifiers for OYMIX
1 mutual funds have low correlation with OYMIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.17 | 0.50 | 67 | Diversified Portfolio | OYMIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.58 | 0.63 | 86 | Diversified Portfolio | OYMIX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.58 | 0.63 | 87 | Diversified Portfolio | OYMIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.58 | 0.63 | 82 | Diversified Portfolio | OYMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.58 | 0.63 | 88 | Diversified Portfolio | OYMIX vs FIQDX |
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