Looking to diversify beyond VSCAX? The mutual funds below have historically moved differently from VSCAX, 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 VSCAX
26 mutual funds have low correlation with VSCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Short Duration Inflation Protected Fund (ALMIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Duration Inflation Protected Fund | 0.05 | 0.08 | 0.12 | 52 | Inflation-Protected Bonds | VSCAX vs ALMIX | |
| Invesco Conservative Income Fund | 0.10 | 0.03 | 0.01 | 98 | Ultrashort Bond | VSCAX vs ICIFX | |
| Invesco Limited Term California Municipal Fund | 0.11 | 0.10 | 0.05 | 52 | Municipal Bonds | VSCAX vs OLCAX | |
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | 0.12 | 0.40 | 0.57 | 75 | Energy Equities | VSCAX vs SPMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | 0.12 | 0.42 | 0.58 | 79 | MLPs | VSCAX vs MLPAX |
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