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
30 mutual funds have low correlation with MSIGX (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) (Energy Equities) with a 1Y correlation of -0.07, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.07 | 0.26 | 0.41 | 67 | Energy Equities | MSIGX vs SPMPX | |
| Invesco SteelPath MLP Alpha Plus Fund | -0.07 | 0.27 | 0.40 | 67 | Energy Equities | MSIGX vs MLPNX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.06 | 0.29 | 0.42 | 67 | MLPs | MSIGX vs MLPAX | |
| Invesco SteelPath MLP Alpha Fund | -0.06 | 0.28 | 0.41 | 68 | Energy Equities | MSIGX vs MLPOX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -0.05 | 0.27 | 0.41 | 66 | MLPs | MSIGX vs MLPLX |
See all 109 diversifiers for MSIGX
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