Looking to diversify beyond MSIGX? The mutual funds below have historically moved differently from MSIGX, 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 MSIGX
30 mutual funds have low correlation with MSIGX (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.15, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.15 | 0.13 | 0.29 | 73 | Energy Equities | MSIGX vs FSTEX | |
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.09 | 0.25 | 0.39 | 77 | Energy Equities | MSIGX vs SPMPX | |
| Invesco SteelPath MLP Alpha Plus Fund | -0.09 | 0.25 | 0.39 | 79 | Energy Equities | MSIGX vs MLPNX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.08 | 0.27 | 0.40 | 81 | MLPs | MSIGX vs MLPAX | |
| Invesco SteelPath MLP Alpha Fund | -0.08 | 0.27 | 0.40 | 81 | Energy Equities | MSIGX vs MLPOX |
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