Looking to diversify beyond MLPFX? The mutual funds below have the lowest correlation with MLPFX — 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 MLPFX.
Best Diversifiers for MLPFX
5 mutual funds have low correlation with MLPFX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Nasdaq 100 Index Fund (IVNQX) (Large Cap Growth Equities) with a 1Y correlation of -0.01, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | -0.01 | 0.21 | 0.31 | 76 | Large Cap Growth Equities | MLPFX vs IVNQX | |
| Invesco Equity and Income Fund | 0.23 | 0.49 | 0.59 | 64 | Diversified Portfolio | MLPFX vs ACEIX | |
| Invesco Small Cap Value Fund | 0.25 | 0.51 | 0.64 | 85 | Small Cap Value Equities | MLPFX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.25 | 0.52 | 0.64 | 80 | Mid Cap Value Equities | MLPFX vs VVOAX | |
| Invesco Comstock Fund | 0.28 | 0.50 | 0.62 | 57 | Large Cap Value Equities | MLPFX vs ACSTX |
See all 6 diversifiers for MLPFX
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