Looking to diversify beyond CPBYX? The mutual funds below have the lowest correlation with CPBYX — 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 CPBYX.
Best Diversifiers for CPBYX
3 mutual funds have low correlation with CPBYX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Value Opportunities Fund (VVOAX) (Mid Cap Value Equities) with a 1Y correlation of 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Value Opportunities Fund | 0.29 | 0.22 | 0.15 | 81 | Mid Cap Value Equities | CPBYX vs VVOAX | |
| Invesco Nasdaq 100 Index Fund | 0.29 | 0.19 | 0.20 | 70 | Large Cap Growth Equities | CPBYX vs IVNQX | |
| Invesco Small Cap Value Fund | 0.29 | 0.22 | 0.15 | 87 | Small Cap Value Equities | CPBYX vs VSCAX | |
| Invesco Comstock Fund | 0.31 | 0.22 | 0.15 | 60 | Large Cap Value Equities | CPBYX vs ACSTX | |
| American Funds New World Fund | 0.31 | 0.24 | 0.24 | 63 | Emerging Markets Diversified | CPBYX vs NEWFX |
See all 17 diversifiers for CPBYX
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