Looking to diversify beyond SMEAX? The mutual funds below have the lowest correlation with SMEAX — 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 SMEAX.
Best Diversifiers for SMEAX
1 mutual funds have low correlation with SMEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) (MLPs) with a 1Y correlation of 0.19, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Select 40 Fund Class A | 0.19 | 0.47 | 0.54 | 60 | MLPs | SMEAX vs MLPFX | |
| Auer Growth Fund | 0.67 | 0.76 | 0.80 | 90 | Small Cap Blend Equities | SMEAX vs AUERX | |
| Invesco Nasdaq 100 Index Fund | 0.70 | 0.68 | 0.74 | 76 | Large Cap Growth Equities | SMEAX vs IVNQX | |
| Invesco Comstock Fund | 0.75 | 0.81 | 0.83 | 59 | Large Cap Value Equities | SMEAX vs ACSTX | |
| Voya Index Plus SmallCap Portfolio | 0.77 | 0.83 | 0.89 | 77 | Small Cap Blend Equities | SMEAX vs IPSIX |
See all 35 diversifiers for SMEAX
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