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Invesco SteelPath MLP Alpha Fund (MLPOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in MLP investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities.

Looking to diversify beyond MLPOX? The mutual funds below have the lowest correlation with MLPOX — 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 MLPOX.

Best Diversifiers for MLPOX

8 mutual funds have low correlation with MLPOX (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 -0.06, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVNQX
Invesco Nasdaq 100 Index Fund-0.060.180.29
76
Large Cap Growth EquitiesMLPOX vs IVNQX
VSCAX
Invesco Small Cap Value Fund0.180.470.61
89
Small Cap Value EquitiesMLPOX vs VSCAX
VVOAX
Invesco Value Opportunities Fund0.180.480.61
87
Mid Cap Value EquitiesMLPOX vs VVOAX
ACEIX
Invesco Equity and Income Fund0.180.450.57
67
Diversified PortfolioMLPOX vs ACEIX
ACSTX
Invesco Comstock Fund0.230.470.60
59
Large Cap Value EquitiesMLPOX vs ACSTX
See all 23 diversifiers for MLPOX

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Diversification Analysis

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