Looking to diversify beyond MLPTX? The mutual funds below have historically moved differently from MLPTX, 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 MLPTX
11 mutual funds have low correlation with MLPTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.03 | 0.21 | 0.29 | 80 | Semiconductors, Technology Equities | MLPTX vs FSELX | |
| U.S. Global Investors Global Resources Fund | 0.15 | 0.39 | 0.56 | 53 | Energy Equities | MLPTX vs PSPFX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.16 | 0.42 | 0.52 | 68 | Large Cap Blend Equities | MLPTX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.16 | 0.42 | 0.53 | 69 | S&P 500 | MLPTX vs VADDX | |
| Invesco Equity and Income Fund | 0.21 | 0.44 | 0.57 | 74 | Diversified Portfolio | MLPTX vs ACEIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MLPTX
Add MLPTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MLPTX