Looking to diversify beyond IVNQX? The mutual funds below have the lowest correlation with IVNQX — 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 IVNQX.
Best Diversifiers for IVNQX
20 mutual funds have low correlation with IVNQX (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.12 | 0.06 | 0.19 | 71 | Energy Equities | IVNQX vs FSTEX | |
| Invesco SteelPath MLP Income Fund Class A | -0.03 | 0.19 | 0.29 | 56 | MLPs | IVNQX vs MLPDX | |
| Invesco Short Duration Inflation Protected Fund | -0.03 | 0.05 | 0.11 | 86 | Inflation-Protected Bonds | IVNQX vs ALMIX | |
| Invesco SteelPath MLP Income Fund | -0.03 | 0.19 | 0.30 | 56 | Energy Equities | IVNQX vs MLPZX | |
| Invesco SteelPath MLP Select 40 Fund | -0.01 | 0.21 | 0.31 | 58 | Energy Equities | IVNQX vs MLPTX |
See all 84 diversifiers for IVNQX
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