Looking to diversify beyond VAFAX? The mutual funds below have historically moved differently from VAFAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VAFAX
24 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 -0.12, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.12 | 0.16 | 0.31 | 75 | Energy Equities | VAFAX vs SPMPX | |
| Invesco Energy Fund | -0.11 | 0.05 | 0.21 | 71 | Energy Equities | VAFAX vs FSTEX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.11 | 0.18 | 0.32 | 79 | MLPs | VAFAX vs MLPAX | |
| Invesco SteelPath MLP Alpha Fund | -0.10 | 0.18 | 0.32 | 79 | Energy Equities | VAFAX vs MLPOX | |
| Invesco SteelPath MLP Alpha Plus Fund | -0.10 | 0.17 | 0.31 | 77 | Energy Equities | VAFAX vs MLPNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VAFAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.34, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.34 | -0.16 | 0.05 | 86 | Consumer Defensive | |
| Merck & Co., Inc. | -0.13 | -0.06 | 0.02 | 94 | Healthcare | |
| Apple Inc | 0.30 | 0.43 | 0.60 | 90 | Technology | |
| General Electric Company | 0.44 | 0.51 | 0.53 | 75 | Industrials | |
| GE Vernova Inc. | 0.63 | 0.62 | 0.62 | 76 | Industrials |
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