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Invesco Select Risk: Moderately Conservative Investor Fund (CAAMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 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. Its target allocation is to invest approximately 30%-50% of its total assets in underlying equity funds, approximately 50%-70% of its total assets in underlying fixed-income funds and approximately 5%-20% of its total assets in alternative asset classes including underlying funds that invest primarily in commodities and other derivatives.

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

Best Diversifiers for CAAMX

1 mutual funds have low correlation with CAAMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.030.160.46
67
Diversified PortfolioCAAMX vs MHELX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.410.610.64
86
Diversified PortfolioCAAMX vs FSIRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.410.600.63
88
Diversified PortfolioCAAMX vs FIQDX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.410.610.63
82
Diversified PortfolioCAAMX vs FCSRX
FSRRX
Fidelity Strategic Real Return Fund0.420.610.64
87
Diversified PortfolioCAAMX vs FSRRX
See all 32 diversifiers for CAAMX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CAAMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAAMX and solid risk/return profiles. The least correlated is Olin Corporation (OLN) (Basic Materials) with a 1Y correlation of 0.39, roughly unchanged from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
OLN
Olin Corporation0.390.450.48
52
Basic Materials

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