Looking to diversify beyond GGHCX? The mutual funds below have historically moved differently from GGHCX, 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 GGHCX
3 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 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 0.03 | 0.23 | 0.30 | 85 | MLPs | GGHCX vs MLPFX | |
| Invesco Small Cap Value Fund | 0.27 | 0.46 | 0.50 | 76 | Small Cap Value Equities | GGHCX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.30 | 0.49 | 0.53 | 70 | Mid Cap Value Equities | GGHCX vs VVOAX | |
| Invesco Equity and Income Fund | 0.48 | 0.60 | 0.64 | 76 | Diversified Portfolio | GGHCX vs ACEIX | |
| Invesco Comstock Fund | 0.49 | 0.59 | 0.60 | 84 | Large Cap Value Equities | GGHCX vs ACSTX |
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