Looking to diversify beyond SPIDX? The mutual funds below have the lowest correlation with SPIDX — 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 SPIDX.
Best Diversifiers for SPIDX
0 mutual funds have low correlation with SPIDX (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 0.71, roughly unchanged from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.71 | 0.75 | 0.80 | 59 | Large Cap Value Equities | SPIDX vs ACSTX | |
| Invesco Small Cap Value Fund | 0.75 | 0.77 | 0.78 | 89 | Small Cap Value Equities | SPIDX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.76 | 0.78 | 0.79 | 87 | Mid Cap Value Equities | SPIDX vs VVOAX | |
| Invesco Equity and Income Fund | 0.77 | 0.81 | 0.85 | 67 | Diversified Portfolio | SPIDX vs ACEIX | |
| WisdomTree Equity Premium Income Fund | 0.84 | 0.86 | 0.83 | 55 | Derivative Income, S&P 500 | SPIDX vs PUTW |
See all 33 diversifiers for SPIDX
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