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Invesco Value Opportunities Fund (VVOAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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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 historically moved differently from VVOAX, 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 VVOAX

33 mutual funds have low correlation with VVOAX (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 0.03, down from 0.22 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AFRAX
Invesco Floating Rate ESG Fund0.030.150.22
61
Bank LoanVVOAX vs AFRAX
ALMIX
Invesco Short Duration Inflation Protected Fund0.050.090.12
74
Inflation-Protected BondsVVOAX vs ALMIX
ICIFX
Invesco Conservative Income Fund0.080.030.01
99
Ultrashort BondVVOAX vs ICIFX
DHEAX
Diamond Hill Short Duration Securitized Bond Fund0.080.040.04
99
Short-Term BondVVOAX vs DHEAX
ORSYX
Invesco Short Term Municipal Fund0.080.050.04
76
Municipal BondsVVOAX vs ORSYX
See all 173 diversifiers for VVOAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for VVOAX, 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 Acushnet Holdings Corp. (GOLF) (Consumer Cyclical) with a 1Y correlation of 0.42, roughly unchanged from 0.48 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GOLF
Acushnet Holdings Corp.0.420.470.48
74
Consumer Cyclical

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Diversification Analysis

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