Looking to diversify beyond ACSTX? The mutual funds below have historically moved differently from ACSTX, 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 ACSTX
32 mutual funds have low correlation with ACSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Floating Rate ESG Fund (AFRAX) (Bank Loan) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Floating Rate ESG Fund | 0.02 | 0.17 | 0.22 | 61 | Bank Loan | ACSTX vs AFRAX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | 0.02 | 0.10 | 0.23 | 77 | Commodities | ACSTX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.02 | 0.10 | 0.23 | 78 | Commodities | ACSTX vs BRCYX | |
| Invesco Short Term Municipal Fund | 0.03 | 0.03 | 0.02 | 76 | Municipal Bonds | ACSTX vs ORSYX | |
| Invesco Short Duration Inflation Protected Fund | 0.06 | 0.09 | 0.12 | 74 | Inflation-Protected Bonds | ACSTX vs ALMIX |
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