Looking to diversify beyond VADDX? The mutual funds below have the lowest correlation with VADDX — 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 VADDX.
Best Diversifiers for VADDX
30 mutual funds have low correlation with VADDX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) (Commodities) with a 1Y correlation of -0.00, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | -0.00 | 0.08 | 0.17 | 68 | Commodities | VADDX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.00 | 0.09 | 0.18 | 69 | Commodities | VADDX vs BRCYX | |
| Invesco Floating Rate ESG Fund | 0.07 | 0.20 | 0.24 | 52 | Bank Loan | VADDX vs AFRAX | |
| Invesco Short Term Municipal Fund | 0.10 | 0.06 | 0.04 | 81 | Municipal Bonds | VADDX vs ORSYX | |
| Invesco Short Duration Inflation Protected Fund | 0.12 | 0.14 | 0.16 | 75 | Inflation-Protected Bonds | VADDX vs ALMIX |
See all 96 diversifiers for VADDX
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