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
19 mutual funds have low correlation with ACSTX (below 0.3), 1 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, down 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 | 0.08 | 0.12 | 84 | Inflation-Protected Bonds | ACSTX vs ALMIX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | 0.03 | 0.14 | 0.25 | 88 | Commodities | ACSTX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.03 | 0.14 | 0.25 | 88 | Commodities | ACSTX vs BRCYX | |
| Invesco Short Term Municipal Fund | 0.05 | 0.02 | 0.01 | 71 | Municipal Bonds | ACSTX vs ORSYX | |
| Invesco Limited Term California Municipal Fund | 0.07 | 0.08 | 0.04 | 75 | Municipal Bonds | ACSTX vs OLCAX |
See all 86 diversifiers for ACSTX
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