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
21 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 -0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | -0.01 | 0.10 | 0.18 | 88 | Commodities | VADAX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | -0.00 | 0.11 | 0.19 | 88 | Commodities | VADAX vs BRCYX | |
| Invesco Short Duration Inflation Protected Fund | 0.03 | 0.13 | 0.16 | 84 | Inflation-Protected Bonds | VADAX vs ALMIX | |
| Invesco Limited Term California Municipal Fund | 0.09 | 0.12 | 0.10 | 75 | Municipal Bonds | VADAX vs OLCAX | |
| Invesco Short Term Municipal Fund | 0.11 | 0.05 | 0.04 | 71 | Municipal Bonds | VADAX vs ORSYX |
See all 95 diversifiers for VADAX
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