Looking to diversify beyond MXBIX? The mutual funds below have historically moved differently from MXBIX, 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 MXBIX
1 mutual funds have low correlation with MXBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Emerging Markets Equity Fund (MXEOX) (Emerging Markets Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.20 | 0.17 | 0.12 | 57 | Emerging Markets Equities | MXBIX vs MXEOX | |
| Great-West Real Estate Index Fund | 0.32 | 0.37 | 0.30 | 69 | REIT | MXBIX vs MXREX | |
| Great-West High Yield Bond Fund | 0.32 | 0.41 | 0.38 | 58 | High Yield Bonds | MXBIX vs MXHYX | |
| Great-West Small Cap Value Fund | 0.33 | 0.23 | 0.14 | 78 | Small Cap Value Equities | MXBIX vs MXLSX | |
| Great-West Large Cap Value Fund | 0.33 | 0.25 | 0.15 | 93 | Large Cap Value Equities | MXBIX vs MXEQX |
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