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
22 mutual funds have low correlation with OPGSX (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) (MLPs) with a 1Y correlation of -0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | -0.04 | 0.21 | 0.33 | 54 | MLPs | OPGSX vs MLPFX | |
| Invesco SteelPath MLP Select 40 Fund | -0.04 | 0.21 | 0.33 | 55 | Energy Equities | OPGSX vs MLPTX | |
| Invesco Short Duration Inflation Protected Fund | 0.10 | 0.24 | 0.30 | 54 | Inflation-Protected Bonds | OPGSX vs ALMIX | |
| Invesco Short Term Municipal Fund | 0.16 | 0.08 | 0.07 | 76 | Municipal Bonds | OPGSX vs ORSYX | |
| Invesco Limited Term Municipal Income Fund | 0.17 | 0.14 | 0.17 | 84 | Municipal Bonds | OPGSX vs AITFX |
See all 71 diversifiers for OPGSX
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