Looking to diversify beyond MSIGX? The mutual funds below have the lowest correlation with MSIGX — 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 MSIGX.
Best Diversifiers for MSIGX
14 mutual funds have low correlation with MSIGX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Select 40 Fund (MLPTX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund | 0.04 | 0.32 | 0.44 | 55 | Energy Equities | MSIGX vs MLPTX | |
| Invesco SteelPath MLP Select 40 Fund Class A | 0.05 | 0.32 | 0.43 | 54 | MLPs | MSIGX vs MLPFX | |
| Invesco Short Duration Inflation Protected Fund | 0.09 | 0.11 | 0.14 | 54 | Inflation-Protected Bonds | MSIGX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.10 | 0.07 | 0.05 | 76 | Municipal Bonds | MSIGX vs ORSYX | |
| Invesco Rochester Limited Term New York Municipal ... | 0.16 | 0.13 | 0.09 | 69 | Municipal Bonds | MSIGX vs LTNYX |
See all 95 diversifiers for MSIGX
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