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Invesco Discovery Fund (OPOCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 17, 2026

The investment seeks capital appreciation. The fund mainly invests in common stocks of U.S. companies that the portfolio managers believe have favorable growth prospects. It emphasizes stocks of small-capitalization (or "small-cap") companies, which are defined as those issuers that are at the time of purchase within the range of market capitalizations of the Russell 2000 Growth Index. A company's "market capitalization" is the value of its outstanding common stock and the determination whether the company is small-, mid- or large-cap is based on the company's market capitalization relative to that of other companies.

Looking to diversify beyond OPOCX? The mutual funds below have the lowest correlation with OPOCX — 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 OPOCX.

Best Diversifiers for OPOCX

0 mutual funds have low correlation with OPOCX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Income Fund Institutional Class (PIMIX) (Multisector Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PIMIX
PIMCO Income Fund Institutional Class0.310.250.33
59
Multisector BondsOPOCX vs PIMIX
SSKEX
State Street Emerging Markets Equity Index Fund0.450.440.49
76
Emerging Markets DiversifiedOPOCX vs SSKEX
VEIRX
Vanguard Equity Income Fund Admiral Shares0.520.620.66
78
Large Cap Value EquitiesOPOCX vs VEIRX
ACSTX
Invesco Comstock Fund0.590.660.70
76
Large Cap Value EquitiesOPOCX vs ACSTX
REEIX
RBC Emerging Markets Equity Fund0.630.570.60
59
Emerging Markets DiversifiedOPOCX vs REEIX
See all 40 diversifiers for OPOCX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from OPOCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPOCX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.25, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MET
MetLife, Inc.0.250.400.47
73
Financial Services

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