Looking to diversify beyond GGHCX? The mutual funds below have the lowest correlation with GGHCX — 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 GGHCX.
Best Diversifiers for GGHCX
1 mutual funds have low correlation with GGHCX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) (MLPs) with a 1Y correlation of 0.03, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 0.03 | 0.22 | 0.31 | 51 | MLPs | GGHCX vs MLPFX | |
| Invesco Nasdaq 100 Index Fund | 0.30 | 0.46 | 0.57 | 70 | Large Cap Growth Equities | GGHCX vs IVNQX | |
| Invesco Small Cap Value Fund | 0.36 | 0.48 | 0.52 | 87 | Small Cap Value Equities | GGHCX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.39 | 0.51 | 0.54 | 81 | Mid Cap Value Equities | GGHCX vs VVOAX | |
| Invesco Comstock Fund | 0.52 | 0.58 | 0.60 | 60 | Large Cap Value Equities | GGHCX vs ACSTX |
See all 21 diversifiers for GGHCX
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