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
31 mutual funds have low correlation with ACSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Short Term Municipal Fund (ORSYX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Term Municipal Fund | 0.03 | 0.02 | 0.01 | 81 | Municipal Bonds | ACSTX vs ORSYX | |
| Invesco Floating Rate ESG Fund | 0.04 | 0.18 | 0.22 | 52 | Bank Loan | ACSTX vs AFRAX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | 0.04 | 0.12 | 0.24 | 66 | Commodities | ACSTX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.05 | 0.12 | 0.24 | 67 | Commodities | ACSTX vs BRCYX | |
| Invesco Short Duration Inflation Protected Fund | 0.05 | 0.09 | 0.12 | 75 | Inflation-Protected Bonds | ACSTX vs ALMIX |
See all 106 diversifiers for ACSTX
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