Looking to diversify beyond SPIAX? The mutual funds below have the lowest correlation with SPIAX — 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 SPIAX.
Best Diversifiers for SPIAX
0 mutual funds have low correlation with SPIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.68, down from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.68 | 0.75 | 0.80 | 60 | Large Cap Value Equities | SPIAX vs ACSTX | |
| Invesco Small Cap Value Fund | 0.75 | 0.77 | 0.78 | 87 | Small Cap Value Equities | SPIAX vs VSCAX | |
| Invesco Equity and Income Fund | 0.76 | 0.80 | 0.85 | 61 | Diversified Portfolio | SPIAX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.77 | 0.78 | 0.80 | 81 | Mid Cap Value Equities | SPIAX vs VVOAX | |
| WisdomTree Equity Premium Income Fund | 0.84 | 0.87 | 0.83 | 57 | Derivative Income, S&P 500 | SPIAX vs PUTW |
See all 33 diversifiers for SPIAX
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