Looking to diversify beyond VADAX? The mutual funds below have the lowest correlation with VADAX — 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 VADAX.
Best Diversifiers for VADAX
16 mutual funds have low correlation with VADAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Short Duration Inflation Protected Fund (ALMIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Duration Inflation Protected Fund | 0.09 | 0.14 | 0.16 | 54 | Inflation-Protected Bonds | VADAX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.11 | 0.06 | 0.04 | 76 | Municipal Bonds | VADAX vs ORSYX | |
| Invesco Limited Term California Municipal Fund | 0.13 | 0.13 | 0.10 | 73 | Municipal Bonds | VADAX vs OLCAX | |
| Invesco Short Duration High Yield Municipal Fund | 0.18 | 0.17 | 0.11 | 89 | High Yield Muni | VADAX vs ISHYX | |
| Invesco Conservative Income Fund | 0.19 | 0.10 | 0.07 | 98 | Ultrashort Bond | VADAX vs ICIFX |
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