Looking to diversify beyond CAAPX? The mutual funds below have the lowest correlation with CAAPX — 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 CAAPX.
Best Diversifiers for CAAPX
0 mutual funds have low correlation with CAAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) (Large Cap Growth Equities) with a 1Y correlation of 0.53, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.53 | 0.56 | 0.64 | 70 | Large Cap Growth Equities | CAAPX vs NASDX | |
| Ariel Global Fund | 0.61 | 0.69 | 0.72 | 87 | Global Equities | CAAPX vs AGLOX | |
| Invesco Value Opportunities Fund Class Y | 0.74 | 0.81 | 0.86 | 81 | Mid Cap Value Equities | CAAPX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.74 | 0.81 | 0.86 | 81 | Mid Cap Value Equities | CAAPX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.74 | 0.80 | 0.86 | 81 | Mid Cap Value Equities | CAAPX vs UMCVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CAAPX
Add CAAPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAAPX