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
17 mutual funds have low correlation with MSIGX (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.13 | 0.16 | 0.31 | 71 | Energy Equities | MSIGX vs FSTEX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | -0.07 | 0.08 | 0.15 | 89 | Commodities | MSIGX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | -0.06 | 0.08 | 0.15 | 89 | Commodities | MSIGX vs BRCYX | |
| Invesco SteelPath MLP Income Fund Class A | 0.02 | 0.30 | 0.42 | 56 | MLPs | MSIGX vs MLPDX | |
| Invesco Short Duration Inflation Protected Fund | 0.03 | 0.10 | 0.14 | 83 | Inflation-Protected Bonds | MSIGX vs ALMIX |
See all 89 diversifiers for MSIGX
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