Looking to diversify beyond MXBIX? The mutual funds below have the lowest correlation with MXBIX — 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 MXBIX.
Best Diversifiers for MXBIX
5 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 Diversified) with a 1Y correlation of 0.16, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.16 | 0.16 | 0.11 | 91 | Emerging Markets Diversified | MXBIX vs MXEOX | |
| Great-West Large Cap Value Fund | 0.27 | 0.24 | 0.13 | 75 | Large Cap Value Equities | MXBIX vs MXEQX | |
| Great-West S&P 500 Index Fund | 0.28 | 0.23 | 0.16 | 70 | Large Cap Blend Equities | MXBIX vs MXVIX | |
| Great-West S&P Small Cap 600 Index Fund | 0.28 | 0.25 | 0.15 | 54 | Small Cap Blend Equities | MXBIX vs MXISX | |
| Great-West Core Strategies: U.S. Equity Fund | 0.29 | 0.25 | 0.15 | 69 | Large Cap Blend Equities | MXBIX vs MXEBX |
See all 15 diversifiers for MXBIX
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