Looking to diversify beyond MLPLX? The mutual funds below have the lowest correlation with MLPLX — 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 MLPLX.
Best Diversifiers for MLPLX
5 mutual funds have low correlation with MLPLX (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 -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | -0.07 | 0.18 | 0.29 | 70 | Large Cap Growth Equities | MLPLX vs IVNQX | |
| Invesco Equity and Income Fund | 0.18 | 0.44 | 0.57 | 61 | Diversified Portfolio | MLPLX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.19 | 0.47 | 0.62 | 81 | Mid Cap Value Equities | MLPLX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.19 | 0.45 | 0.61 | 87 | Small Cap Value Equities | MLPLX vs VSCAX | |
| Invesco Comstock Fund | 0.23 | 0.46 | 0.61 | 60 | Large Cap Value Equities | MLPLX vs ACSTX |
See all 6 diversifiers for MLPLX
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