Looking to diversify beyond MLPZX? The mutual funds below have the lowest correlation with MLPZX — 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 MLPZX.
Best Diversifiers for MLPZX
10 mutual funds have low correlation with MLPZX (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 -0.03, 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 | -0.03 | 0.19 | 0.29 | 70 | Large Cap Growth Equities | MLPZX vs IVNQX | |
| U.S. Global Investors Global Resources Fund | 0.13 | 0.37 | 0.54 | 56 | Energy Equities | MLPZX vs PSPFX | |
| Invesco Equity and Income Fund | 0.20 | 0.45 | 0.56 | 61 | Diversified Portfolio | MLPZX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.20 | 0.46 | 0.60 | 81 | Mid Cap Value Equities | MLPZX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.21 | 0.46 | 0.60 | 87 | Small Cap Value Equities | MLPZX vs VSCAX |
See all 24 diversifiers for MLPZX
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