Looking to diversify beyond MLPTX? The mutual funds below have the lowest correlation with MLPTX — 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 MLPTX.
Best Diversifiers for MLPTX
10 mutual funds have low correlation with MLPTX (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 -0.01, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | -0.01 | 0.21 | 0.30 | 76 | Large Cap Growth Equities | MLPTX vs IVNQX | |
| Fidelity Select Semiconductors Portfolio | 0.04 | 0.22 | 0.30 | 97 | Semiconductors, Technology Equities | MLPTX vs FSELX | |
| U.S. Global Investors Global Resources Fund | 0.20 | 0.43 | 0.58 | 87 | Energy Equities | MLPTX vs PSPFX | |
| Invesco Equity and Income Fund | 0.22 | 0.49 | 0.59 | 64 | Diversified Portfolio | MLPTX vs ACEIX | |
| Invesco Small Cap Value Fund | 0.25 | 0.51 | 0.64 | 85 | Small Cap Value Equities | MLPTX vs VSCAX |
See all 29 diversifiers for MLPTX
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