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Invesco Income Allocation Fund (ALAAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund is a "fund of funds," and invests its assets in other underlying mutual funds advised by the Adviser and ETFs and other pooled investment vehicles. It invests its assets in a selection of underlying funds which invest primarily in international or domestic equities, fixed-income securities or real estate investment trusts. The fund's target allocation is to invest 60%-70% of its total assets in underlying funds that invest primarily in fixed-income securities and 30%-40% of its total assets in underlying funds that invest primarily in equity securities, including REITs.

Looking to diversify beyond ALAAX? The mutual funds below have the lowest correlation with ALAAX — 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 ALAAX.

Best Diversifiers for ALAAX

2 mutual funds have low correlation with ALAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.09, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.090.120.23
73
Diversified PortfolioALAAX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.160.41
64
Diversified PortfolioALAAX vs MHELX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.410.620.67
96
Diversified PortfolioALAAX vs FIQDX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.630.67
95
Diversified PortfolioALAAX vs FCSRX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.630.67
96
Diversified PortfolioALAAX vs FSIRX
See all 33 diversifiers for ALAAX

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Diversification Analysis

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