Looking to diversify beyond MXBGX? The mutual funds below have the lowest correlation with MXBGX — 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 MXBGX.
Best Diversifiers for MXBGX
0 mutual funds have low correlation with MXBGX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Emerging Markets Equity Fund (MXEOX) (Emerging Markets Diversified) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.64 | 0.61 | 0.65 | 88 | Emerging Markets Diversified | MXBGX vs MXEOX | |
| Great-West S&P Small Cap 600 Index Fund | 0.76 | 0.74 | 0.76 | 70 | Small Cap Blend Equities | MXBGX vs MXISX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.76 | 0.75 | 0.79 | 51 | Mid Cap Blend Equities | MXBGX vs MXMDX | |
| Dimensional Retirement Income Fund | 0.76 | 0.75 | 0.69 | 77 | Target Retirement Date | MXBGX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.78 | 0.73 | 0.71 | 65 | Target Retirement Date | MXBGX vs FRQIX |
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