Looking to diversify beyond MLPLX? The mutual funds below have historically moved differently from MLPLX, 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 MLPLX
6 mutual funds have low correlation with MLPLX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) (Large Cap Blend Equities) with a 1Y correlation of 0.12, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.12 | 0.39 | 0.51 | 68 | Large Cap Blend Equities | MLPLX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.12 | 0.39 | 0.51 | 69 | S&P 500 | MLPLX vs VADDX | |
| Invesco Small Cap Value Fund | 0.13 | 0.41 | 0.58 | 76 | Small Cap Value Equities | MLPLX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.13 | 0.42 | 0.59 | 74 | Mid Cap Value Equities | MLPLX vs VVOAX | |
| Invesco Equity and Income Fund | 0.15 | 0.40 | 0.55 | 74 | Diversified Portfolio | MLPLX vs ACEIX |
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