Looking to diversify beyond OPSIX? The mutual funds below have historically moved differently from OPSIX, 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 OPSIX
3 mutual funds have low correlation with OPSIX (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 0.24, down from 0.37 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 | 0.24 | 0.29 | 0.37 | 76 | Small Cap Value Equities | OPSIX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.24 | 0.29 | 0.38 | 74 | Mid Cap Value Equities | OPSIX vs VVOAX | |
| DFA Two Year Global Fixed Income Portfolio | 0.28 | 0.09 | 0.19 | 100 | Global Bonds | OPSIX vs DFGFX | |
| Invesco Comstock Fund | 0.31 | 0.29 | 0.37 | 83 | Large Cap Value Equities | OPSIX vs ACSTX | |
| Invesco Equity and Income Fund | 0.36 | 0.35 | 0.43 | 74 | Diversified Portfolio | OPSIX vs ACEIX |
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