Looking to diversify beyond OPTFX? The mutual funds below have historically moved differently from OPTFX, 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 OPTFX
1 mutual funds have low correlation with OPTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Dividend Income Fund (FSTUX) (Large Cap Value Equities) with a 1Y correlation of 0.25, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Dividend Income Fund | 0.25 | 0.41 | 0.53 | 72 | Large Cap Value Equities | OPTFX vs FSTUX | |
| Invesco Comstock Fund | 0.34 | 0.47 | 0.59 | 84 | Large Cap Value Equities | OPTFX vs ACSTX | |
| Provident Trust Strategy Fund | 0.37 | 0.58 | 0.73 | 51 | Large Cap Growth Equities | OPTFX vs PROVX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.38 | 0.52 | 0.68 | 65 | Large Cap Blend Equities | OPTFX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.38 | 0.52 | 0.68 | 66 | S&P 500 | OPTFX vs VADDX |
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