Looking to diversify beyond GOODX? The mutual funds below have historically moved differently from GOODX, 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 GOODX
0 mutual funds have low correlation with GOODX (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 0.60, down from 0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Value Opportunities Fund | 0.60 | 0.73 | 0.80 | 74 | Mid Cap Value Equities | GOODX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.61 | 0.73 | 0.80 | 74 | Mid Cap Value Equities | GOODX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.63 | 0.74 | 0.81 | 72 | Mid Cap Value Equities | GOODX vs UMCVX | |
| Voya Multi-Manager Mid Cap Value Fund | 0.64 | 0.76 | 0.83 | 63 | Mid Cap Value Equities | GOODX vs IMCVX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.64 | 0.76 | 0.82 | 76 | Mid Cap Value Equities | GOODX vs SMVTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GOODX
Add GOODX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GOODX