Looking to diversify beyond BRCYX? The mutual funds below have historically moved differently from BRCYX, 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 BRCYX
6 mutual funds have low correlation with BRCYX (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Equally-Weighted S&P 500 Fund (VADDX) (S&P 500) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund | -0.03 | 0.06 | 0.16 | 69 | S&P 500 | BRCYX vs VADDX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | -0.03 | 0.06 | 0.16 | 68 | Large Cap Blend Equities | BRCYX vs VADAX | |
| Invesco Equity and Income Fund | 0.01 | 0.10 | 0.21 | 74 | Diversified Portfolio | BRCYX vs ACEIX | |
| Invesco Comstock Fund | 0.02 | 0.10 | 0.23 | 83 | Large Cap Value Equities | BRCYX vs ACSTX | |
| Invesco Value Opportunities Fund | 0.14 | 0.21 | 0.30 | 74 | Mid Cap Value Equities | BRCYX vs VVOAX |
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