Looking to diversify beyond OPGSX? The mutual funds below have the lowest correlation with OPGSX — 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 OPGSX.
Best Diversifiers for OPGSX
36 mutual funds have low correlation with OPGSX (below 0.3), 9 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 -0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.10 | 0.17 | 0.30 | 67 | Energy Equities | OPGSX vs SPMPX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.09 | 0.19 | 0.31 | 67 | MLPs | OPGSX vs MLPAX | |
| Invesco SteelPath MLP Alpha Plus Fund | -0.09 | 0.17 | 0.30 | 67 | Energy Equities | OPGSX vs MLPNX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -0.09 | 0.17 | 0.30 | 66 | MLPs | OPGSX vs MLPLX | |
| Invesco SteelPath MLP Income Fund | -0.08 | 0.17 | 0.29 | 72 | Energy Equities | OPGSX vs MLPZX |
See all 83 diversifiers for OPGSX
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