Looking to diversify beyond VADAX? The mutual funds below have historically moved differently from VADAX, 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 VADAX
23 mutual funds have low correlation with VADAX (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) (Commodities) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | -0.03 | 0.06 | 0.16 | 76 | Commodities | VADAX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | -0.03 | 0.06 | 0.16 | 77 | Commodities | VADAX vs BRCYX | |
| Invesco Energy Fund | 0.04 | 0.30 | 0.42 | 74 | Energy Equities | VADAX vs FSTEX | |
| Invesco SteelPath MLP Alpha Fund Class A | 0.11 | 0.40 | 0.51 | 80 | MLPs | VADAX vs MLPAX | |
| Invesco Short Duration Inflation Protected Fund | 0.11 | 0.13 | 0.16 | 74 | Inflation-Protected Bonds | VADAX vs ALMIX |
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