Looking to diversify beyond QMGYX? The mutual funds below have historically moved differently from QMGYX, 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 QMGYX
0 mutual funds have low correlation with QMGYX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.47, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.47 | 0.56 | 0.62 | 83 | Large Cap Value Equities | QMGYX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.50 | 0.60 | 0.64 | 69 | S&P 500 | QMGYX vs VADDX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.51 | 0.60 | 0.64 | 68 | Large Cap Blend Equities | QMGYX vs VADAX | |
| Invesco Small Cap Value Fund | 0.51 | 0.62 | 0.64 | 76 | Small Cap Value Equities | QMGYX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.51 | 0.61 | 0.65 | 74 | Mid Cap Value Equities | QMGYX vs VVOAX |
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