Looking to diversify beyond VAFAX? The mutual funds below have the lowest correlation with VAFAX — 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 VAFAX.
Best Diversifiers for VAFAX
31 mutual funds have low correlation with VAFAX (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.11 | 0.17 | 0.33 | 68 | Energy Equities | VAFAX vs SPMPX | |
| Invesco SteelPath MLP Alpha Plus Fund | -0.10 | 0.18 | 0.33 | 68 | Energy Equities | VAFAX vs MLPNX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.10 | 0.19 | 0.33 | 67 | MLPs | VAFAX vs MLPAX | |
| Invesco SteelPath MLP Alpha Fund | -0.10 | 0.19 | 0.33 | 68 | Energy Equities | VAFAX vs MLPOX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -0.09 | 0.18 | 0.33 | 67 | MLPs | VAFAX vs MLPLX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VAFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VAFAX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.14 | 0.06 | 82 | Consumer Defensive | |
| Merck & Co., Inc. | -0.11 | -0.06 | 0.02 | 90 | Healthcare | |
| General Electric Company | 0.46 | 0.51 | 0.53 | 80 | Industrials | |
| GE Vernova Inc. | 0.64 | — | — | 90 | Industrials |
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