Looking to diversify beyond AFRAX? The mutual funds below have the lowest correlation with AFRAX — 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 AFRAX.
Best Diversifiers for AFRAX
13 mutual funds have low correlation with AFRAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.06 | -0.00 | 0.07 | 91 | Bank Loan | AFRAX vs XPTFX | |
| Invesco Small Cap Value Fund | 0.02 | 0.16 | 0.22 | 82 | Small Cap Value Equities | AFRAX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.03 | 0.16 | 0.22 | 81 | Mid Cap Value Equities | AFRAX vs VVOAX | |
| Invesco Comstock Fund | 0.04 | 0.18 | 0.22 | 68 | Large Cap Value Equities | AFRAX vs ACSTX | |
| Invesco Equity and Income Fund | 0.04 | 0.19 | 0.24 | 66 | Diversified Portfolio | AFRAX vs ACEIX |
See all 25 diversifiers for AFRAX
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