Looking to diversify beyond MXAYX? The mutual funds below have historically moved differently from MXAYX, 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 MXAYX
0 mutual funds have low correlation with MXAYX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Real Estate Index Fund (MXREX) (REIT) with a 1Y correlation of 0.37, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Real Estate Index Fund | 0.37 | 0.52 | 0.58 | 78 | REIT | MXAYX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.68 | 0.61 | 0.64 | 57 | Emerging Markets Equities | MXAYX vs MXEOX | |
| Great-West S&P Small Cap 600 Index Fund | 0.77 | 0.72 | 0.74 | 86 | Small Cap Blend Equities | MXAYX vs MXISX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.78 | 0.74 | 0.78 | 52 | Mid Cap Blend Equities | MXAYX vs MXMDX | |
| Great-West International Value Fund | 0.79 | 0.71 | 0.75 | 69 | Foreign Large Cap Equities | MXAYX vs MXIVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MXAYX
Add MXAYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MXAYX