Looking to diversify beyond MLPNX? The mutual funds below have the lowest correlation with MLPNX — 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 MLPNX.
Best Diversifiers for MLPNX
11 mutual funds have low correlation with MLPNX (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 | 76 | Large Cap Growth Equities | MLPNX vs IVNQX | |
| U.S. Global Investors Global Resources Fund | 0.15 | 0.38 | 0.56 | 85 | Energy Equities | MLPNX vs PSPFX | |
| Invesco Equity and Income Fund | 0.17 | 0.44 | 0.57 | 67 | Diversified Portfolio | MLPNX vs ACEIX | |
| Invesco Small Cap Value Fund | 0.18 | 0.46 | 0.61 | 89 | Small Cap Value Equities | MLPNX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.18 | 0.47 | 0.61 | 87 | Mid Cap Value Equities | MLPNX vs VVOAX |
See all 27 diversifiers for MLPNX
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