Looking to diversify beyond ISHYX? The mutual funds below have historically moved differently from ISHYX, 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 ISHYX
6 mutual funds have low correlation with ISHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Small Cap Value Fund (VSCAX) (Small Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Small Cap Value Fund | 0.13 | 0.09 | 0.05 | 76 | Small Cap Value Equities | ISHYX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.14 | 0.10 | 0.06 | 74 | Mid Cap Value Equities | ISHYX vs VVOAX | |
| Invesco Comstock Fund | 0.15 | 0.11 | 0.05 | 83 | Large Cap Value Equities | ISHYX vs ACSTX | |
| Invesco Equity and Income Fund | 0.20 | 0.16 | 0.11 | 74 | Diversified Portfolio | ISHYX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.24 | 0.17 | 0.12 | 68 | Large Cap Blend Equities | ISHYX vs VADAX |
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