Looking to diversify beyond OPPAX? The mutual funds below have historically moved differently from OPPAX, 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 OPPAX
30 mutual funds have low correlation with OPPAX (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.17, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.17 | 0.05 | 0.19 | 74 | Energy Equities | OPPAX vs FSTEX | |
| Invesco SteelPath MLP Alpha Plus Fund Class R5 | -0.15 | 0.15 | 0.29 | 78 | Energy Equities | OPPAX vs SPMPX | |
| Invesco SteelPath MLP Alpha Fund | -0.14 | 0.17 | 0.29 | 80 | Energy Equities | OPPAX vs MLPOX | |
| Invesco SteelPath MLP Alpha Fund Class A | -0.13 | 0.17 | 0.30 | 80 | MLPs | OPPAX vs MLPAX | |
| Invesco SteelPath MLP Alpha Plus Fund Class A | -0.13 | 0.16 | 0.29 | 76 | MLPs | OPPAX vs MLPLX |
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