Looking to diversify beyond ACSTX? The mutual funds below have the lowest correlation with ACSTX — 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 ACSTX.
Best Diversifiers for ACSTX
15 mutual funds have low correlation with ACSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Short Duration Inflation Protected Fund (ALMIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Duration Inflation Protected Fund | 0.02 | 0.09 | 0.12 | 54 | Inflation-Protected Bonds | ACSTX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.05 | 0.02 | 0.01 | 76 | Municipal Bonds | ACSTX vs ORSYX | |
| Invesco Limited Term California Municipal Fund | 0.09 | 0.09 | 0.05 | 73 | Municipal Bonds | ACSTX vs OLCAX | |
| Invesco Short Duration High Yield Municipal Fund | 0.12 | 0.10 | 0.05 | 89 | High Yield Muni | ACSTX vs ISHYX | |
| Invesco Conservative Income Fund | 0.16 | 0.08 | 0.03 | 98 | Ultrashort Bond | ACSTX vs ICIFX |
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