Looking to diversify beyond OPNYX? The mutual funds below have the lowest correlation with OPNYX — 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 OPNYX.
Best Diversifiers for OPNYX
15 mutual funds have low correlation with OPNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Small Cap Value Fund (VSCAX) (Small Cap Value Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Small Cap Value Fund | 0.11 | 0.11 | 0.06 | 87 | Small Cap Value Equities | OPNYX vs VSCAX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.16 | 0.12 | 99 | Municipal Bonds | OPNYX vs FHMIX | |
| Invesco Value Opportunities Fund | 0.14 | 0.11 | 0.06 | 81 | Mid Cap Value Equities | OPNYX vs VVOAX | |
| Invesco Nasdaq 100 Index Fund | 0.16 | 0.10 | 0.12 | 70 | Large Cap Growth Equities | OPNYX vs IVNQX | |
| Invesco Comstock Fund | 0.17 | 0.13 | 0.06 | 60 | Large Cap Value Equities | OPNYX vs ACSTX |
See all 24 diversifiers for OPNYX
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