Looking to diversify beyond MLPOX? The mutual funds below have historically moved differently from MLPOX, 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 MLPOX
13 mutual funds have low correlation with MLPOX (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 | 0.40 | 0.51 | 65 | Large Cap Blend Equities | MLPOX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.12 | 0.40 | 0.51 | 66 | S&P 500 | MLPOX vs VADDX | |
| Invesco Value Opportunities Fund | 0.13 | 0.43 | 0.59 | 70 | Mid Cap Value Equities | MLPOX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.13 | 0.42 | 0.58 | 76 | Small Cap Value Equities | MLPOX vs VSCAX | |
| Invesco Equity and Income Fund | 0.15 | 0.41 | 0.55 | 76 | Diversified Portfolio | MLPOX vs ACEIX |
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