Looking to diversify beyond OPTFX? The mutual funds below have the lowest correlation with OPTFX — 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 OPTFX.
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 0.27, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Dividend Income Fund | 0.27 | 0.42 | 0.54 | 55 | Large Cap Value Equities | OPTFX vs FSTUX | |
| Invesco Comstock Fund | 0.34 | 0.47 | 0.59 | 68 | Large Cap Value Equities | OPTFX vs ACSTX | |
| Baron Partners Fund | 0.39 | 0.55 | 0.66 | 75 | Large Cap Growth Equities | OPTFX vs BPTRX | |
| Invesco Equity and Income Fund | 0.46 | 0.57 | 0.67 | 66 | Diversified Portfolio | OPTFX vs ACEIX | |
| Davis New York Venture Fund Class Y | 0.49 | 0.63 | 0.71 | 81 | Large Cap Growth Equities | OPTFX vs DNVYX |
See all 35 diversifiers for OPTFX
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