Looking to diversify beyond ASIAX? The mutual funds below have the lowest correlation with ASIAX — 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 ASIAX.
Best Diversifiers for ASIAX
0 mutual funds have low correlation with ASIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.46 | 0.48 | 0.52 | 57 | Large Cap Value Equities | ASIAX vs ACSTX | |
| Invesco Equity and Income Fund | 0.53 | 0.51 | 0.55 | 64 | Diversified Portfolio | ASIAX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.60 | 0.59 | 0.59 | 80 | Mid Cap Value Equities | ASIAX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.61 | 0.60 | 0.58 | 85 | Small Cap Value Equities | ASIAX vs VSCAX | |
| Invesco Nasdaq 100 Index Fund | 0.67 | 0.64 | 0.62 | 76 | Large Cap Growth Equities | ASIAX vs IVNQX |
See all 20 diversifiers for ASIAX
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