PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Invesco Value Opportunities Fund (VVOAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks total return through growth of capital and current income. The fund normally invests in a portfolio of common stocks, preferred stocks and convertible securities. It will invest in securities of large-capitalization, mid-capitalization and small-capitalization issuers with market capitalizations equal to or greater than the unweighted median market capitalization of companies in the S&P 1500 Value Index. The fund may invest up to 10% of its net assets in real estate investment trusts (REITs) and up to 25% of its net assets in securities of foreign issuers, including securities of issuers located in emerging markets countries.

Looking to diversify beyond VVOAX? The mutual funds below have the lowest correlation with VVOAX — 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 VVOAX.

Best Diversifiers for VVOAX

19 mutual funds have low correlation with VVOAX (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 0.01, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ALMIX
Invesco Short Duration Inflation Protected Fund0.010.090.11
71
Inflation-Protected BondsVVOAX vs ALMIX
ORSYX
Invesco Short Term Municipal Fund0.060.040.03
76
Municipal BondsVVOAX vs ORSYX
ICIFX
Invesco Conservative Income Fund0.110.050.01
98
Ultrashort BondVVOAX vs ICIFX
ISHYX
Invesco Short Duration High Yield Municipal Fund0.110.090.05
90
High Yield MuniVVOAX vs ISHYX
DHEAX
Diamond Hill Short Duration Securitized Bond Fund0.120.060.04
99
Short-Term BondVVOAX vs DHEAX
See all 123 diversifiers for VVOAX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VVOAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VVOAX and solid risk/return profiles. The least correlated is The Boeing Company (BA) (Industrials) with a 1Y correlation of 0.31, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BA
The Boeing Company0.310.350.50
51
Industrials
GOLF
Acushnet Holdings Corp.0.460.480.49
84
Consumer Cyclical

Rows per page

1–2 of 2

Diversification Analysis

Build a portfolio that complements VVOAX

Add VVOAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with VVOAX