Looking to diversify beyond SPMPX? The mutual funds below have the lowest correlation with SPMPX — 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 SPMPX.
Best Diversifiers for SPMPX
8 mutual funds have low correlation with SPMPX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Nasdaq 100 Index Fund (IVNQX) (Large Cap Growth Equities) with a 1Y correlation of -0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | -0.08 | 0.17 | 0.29 | 76 | Large Cap Growth Equities | SPMPX vs IVNQX | |
| Invesco Equity and Income Fund | 0.16 | 0.43 | 0.56 | 64 | Diversified Portfolio | SPMPX vs ACEIX | |
| Invesco Value Opportunities Fund | 0.17 | 0.46 | 0.61 | 80 | Mid Cap Value Equities | SPMPX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.18 | 0.46 | 0.60 | 85 | Small Cap Value Equities | SPMPX vs VSCAX | |
| Invesco Comstock Fund | 0.21 | 0.46 | 0.60 | 57 | Large Cap Value Equities | SPMPX vs ACSTX |
See all 23 diversifiers for SPMPX
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