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
20 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 0.03, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Duration Inflation Protected Fund | 0.03 | 0.10 | 0.11 | 71 | Inflation-Protected Bonds | VSCAX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.04 | 0.03 | 0.03 | 76 | Municipal Bonds | VSCAX vs ORSYX | |
| Invesco Short Duration High Yield Municipal Fund | 0.09 | 0.08 | 0.05 | 90 | High Yield Muni | VSCAX vs ISHYX | |
| Invesco Limited Term California Municipal Fund | 0.10 | 0.09 | 0.05 | 73 | Municipal Bonds | VSCAX vs OLCAX | |
| Invesco High Yield Municipal Fund | 0.10 | 0.10 | 0.05 | 65 | High Yield Muni | VSCAX vs ACTHX |
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