Looking to diversify beyond VSCAX? The mutual funds below have the lowest correlation with VSCAX — 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 VSCAX.
Best Diversifiers for VSCAX
34 mutual funds have low correlation with VSCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Floating Rate ESG Fund (AFRAX) (Bank Loan) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Floating Rate ESG Fund | 0.02 | 0.16 | 0.22 | 53 | Bank Loan | VSCAX vs AFRAX | |
| Invesco Short Duration Inflation Protected Fund | 0.07 | 0.09 | 0.12 | 69 | Inflation-Protected Bonds | VSCAX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.08 | 0.04 | 0.03 | 71 | Municipal Bonds | VSCAX vs ORSYX | |
| Invesco Conservative Income Fund | 0.10 | 0.04 | 0.01 | 99 | Ultrashort Bond | VSCAX vs ICIFX | |
| Invesco Short Duration High Yield Municipal Fund | 0.12 | 0.10 | 0.05 | 95 | High Yield Muni | VSCAX vs ISHYX |
See all 161 diversifiers for VSCAX
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