Looking to diversify beyond ACCBX? The mutual funds below have the lowest correlation with ACCBX — 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 ACCBX.
Best Diversifiers for ACCBX
4 mutual funds have low correlation with ACCBX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Floating Rate Fund (RFRAX) (Bank Loan) with a 1Y correlation of 0.20, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Floating Rate Fund | 0.20 | 0.21 | 0.28 | 74 | Bank Loan | ACCBX vs RFRAX | |
| Invesco Small Cap Value Fund | 0.27 | 0.24 | 0.16 | 89 | Small Cap Value Equities | ACCBX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.29 | 0.24 | 0.16 | 87 | Mid Cap Value Equities | ACCBX vs VVOAX | |
| Invesco Nasdaq 100 Index Fund | 0.29 | 0.21 | 0.22 | 76 | Large Cap Growth Equities | ACCBX vs IVNQX | |
| Invesco Comstock Fund | 0.30 | 0.23 | 0.16 | 59 | Large Cap Value Equities | ACCBX vs ACSTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACCBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACCBX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.00 | 0.06 | 0.13 | 78 | Technology |
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