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Invesco S&P 500 Index Fund (SPIDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies included in the S&P 500 Index, and in derivatives and other instruments that have economic characteristics similar to such securities. The index is a well-known stock market index that includes common stocks of 500 companies representing the large-capitalization segment of the U.S. equity market.

Looking to diversify beyond SPIDX? The mutual funds below have historically moved differently from SPIDX, 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 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 0.65, down from 0.79 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ACSTX
Invesco Comstock Fund0.650.740.79
83
Large Cap Value EquitiesSPIDX vs ACSTX
VADDX
Invesco Equally-Weighted S&P 500 Fund0.710.790.87
69
S&P 500SPIDX vs VADDX
VADAX
Invesco Equally-Weighted S&P 500 Fund Class A0.710.790.87
68
Large Cap Blend EquitiesSPIDX vs VADAX
VSCAX
Invesco Small Cap Value Fund0.750.770.78
76
Small Cap Value EquitiesSPIDX vs VSCAX
VVOAX
Invesco Value Opportunities Fund0.760.780.79
74
Mid Cap Value EquitiesSPIDX vs VVOAX
See all 35 diversifiers for SPIDX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for SPIDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.05, down from 0.51 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.050.320.51
61
Financial Services

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