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
17 mutual funds have low correlation with VAFAX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Short Duration Inflation Protected Fund (ALMIX) (Inflation-Protected Bonds) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Duration Inflation Protected Fund | -0.02 | 0.04 | 0.11 | 71 | Inflation-Protected Bonds | VAFAX vs ALMIX | |
| Invesco SteelPath MLP Select 40 Fund | 0.02 | 0.23 | 0.36 | 53 | Energy Equities | VAFAX vs MLPTX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 0.02 | 0.23 | 0.36 | 51 | MLPs | VAFAX vs MLPFX | |
| Invesco Short Term Municipal Fund | 0.08 | 0.04 | 0.03 | 76 | Municipal Bonds | VAFAX vs ORSYX | |
| Invesco High Yield Municipal Fund | 0.13 | 0.08 | 0.09 | 65 | High Yield Muni | VAFAX vs ACTHX |
See all 85 diversifiers for VAFAX
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