Looking to diversify beyond SPIAX? The mutual funds below have historically moved differently from SPIAX, 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 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 0.66, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.66 | 0.74 | 0.79 | 83 | Large Cap Value Equities | SPIAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.70 | 0.79 | 0.87 | 69 | S&P 500 | SPIAX vs VADDX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.71 | 0.79 | 0.87 | 68 | Large Cap Blend Equities | SPIAX vs VADAX | |
| Invesco Small Cap Value Fund | 0.75 | 0.77 | 0.78 | 76 | Small Cap Value Equities | SPIAX vs VSCAX | |
| Invesco Equity and Income Fund | 0.76 | 0.80 | 0.85 | 74 | Diversified Portfolio | SPIAX vs ACEIX |
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