Looking to diversify beyond VAFIX? The mutual funds below have historically moved differently from VAFIX, 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 VAFIX
0 mutual funds have low correlation with VAFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Provident Trust Strategy Fund (PROVX) (Large Cap Growth Equities) with a 1Y correlation of 0.41, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Provident Trust Strategy Fund | 0.41 | 0.59 | 0.73 | 51 | Large Cap Growth Equities | VAFIX vs PROVX | |
| Invesco Comstock Fund | 0.41 | 0.49 | 0.61 | 84 | Large Cap Value Equities | VAFIX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.45 | 0.55 | 0.70 | 66 | S&P 500 | VAFIX vs VADDX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.45 | 0.55 | 0.70 | 65 | Large Cap Blend Equities | VAFIX vs VADAX | |
| Invesco Equity and Income Fund | 0.57 | 0.59 | 0.70 | 76 | Diversified Portfolio | VAFIX vs ACEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VAFIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.16, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.16 | 0.12 | 0.32 | 61 | Financial Services |
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