Looking to diversify beyond VKMGX? The mutual funds below have the lowest correlation with VKMGX — 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 VKMGX.
Best Diversifiers for VKMGX
7 mutual funds have low correlation with VKMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Small Cap Value Fund (VSCAX) (Small Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Small Cap Value Fund | 0.18 | 0.17 | 0.11 | 89 | Small Cap Value Equities | VKMGX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.19 | 0.17 | 0.11 | 87 | Mid Cap Value Equities | VKMGX vs VVOAX | |
| Invesco Nasdaq 100 Index Fund | 0.20 | 0.16 | 0.16 | 76 | Large Cap Growth Equities | VKMGX vs IVNQX | |
| Invesco Comstock Fund | 0.21 | 0.18 | 0.11 | 59 | Large Cap Value Equities | VKMGX vs ACSTX | |
| DFA Short-Term Government Portfolio | 0.23 | 0.09 | 0.33 | 62 | Government Bonds | VKMGX vs DFFGX |
See all 14 diversifiers for VKMGX
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