Looking to diversify beyond ACCBX? The mutual funds below have historically moved differently from ACCBX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ACCBX
2 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 0.21, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Floating Rate Fund | 0.21 | 0.21 | 0.28 | 78 | Bank Loan | ACCBX vs RFRAX | |
| Invesco Small Cap Value Fund | 0.30 | 0.24 | 0.18 | 76 | Small Cap Value Equities | ACCBX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.30 | 0.24 | 0.19 | 74 | Mid Cap Value Equities | ACCBX vs VVOAX | |
| Invesco Comstock Fund | 0.34 | 0.24 | 0.19 | 83 | Large Cap Value Equities | ACCBX vs ACSTX | |
| Invesco Equity and Income Fund | 0.42 | 0.36 | 0.31 | 74 | Diversified Portfolio | ACCBX vs ACEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACCBX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.08 | 0.05 | 0.13 | 56 | Technology | |
| Berkshire Hathaway Inc. | 0.10 | 0.13 | 0.11 | 61 | Financial Services | |
| Nu Holdings Ltd. | 0.22 | 0.12 | — | 57 | Financial Services |
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