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Invesco S&P 500 Index Fund (SPIDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

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 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 0.66, down from 0.80 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ACSTX
Invesco Comstock Fund0.660.740.80
68
Large Cap Value EquitiesSPIDX vs ACSTX
VSCAX
Invesco Small Cap Value Fund0.750.770.78
79
Small Cap Value EquitiesSPIDX vs VSCAX
ACEIX
Invesco Equity and Income Fund0.760.800.85
66
Diversified PortfolioSPIDX vs ACEIX
VVOAX
Invesco Value Opportunities Fund0.770.780.80
80
Mid Cap Value EquitiesSPIDX vs VVOAX
FDGRX
Fidelity Growth Company Fund0.900.900.92
71
Large Cap Growth EquitiesSPIDX vs FDGRX
See all 36 diversifiers for SPIDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SPIDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPIDX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.11, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.110.310.47
53
Financial Services

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