Looking to diversify beyond IEGAX? The mutual funds below have the lowest correlation with IEGAX — 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 IEGAX.
Best Diversifiers for IEGAX
0 mutual funds have low correlation with IEGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.56 | 0.59 | 0.65 | 68 | Large Cap Value Equities | IEGAX vs ACSTX | |
| Invesco Equity and Income Fund | 0.62 | 0.63 | 0.68 | 66 | Diversified Portfolio | IEGAX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.65 | 0.64 | 0.69 | 80 | Mid Cap Value Equities | IEGAX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.66 | 0.65 | 0.68 | 79 | Small Cap Value Equities | IEGAX vs VSCAX | |
| Invesco Nasdaq 100 Index Fund | 0.68 | 0.59 | 0.59 | 59 | Large Cap Growth Equities | IEGAX vs IVNQX |
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