Looking to diversify beyond MXBSX? The mutual funds below have the lowest correlation with MXBSX — 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 MXBSX.
Best Diversifiers for MXBSX
0 mutual funds have low correlation with MXBSX (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 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.64 | 0.62 | 0.66 | 88 | Emerging Markets Diversified | MXBSX vs MXEOX | |
| Dimensional Retirement Income Fund | 0.75 | 0.73 | 0.68 | 77 | Target Retirement Date | MXBSX vs TDIFX | |
| Great-West S&P Small Cap 600 Index Fund | 0.76 | 0.73 | 0.76 | 70 | Small Cap Blend Equities | MXBSX vs MXISX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.76 | 0.76 | 0.80 | 51 | Mid Cap Blend Equities | MXBSX vs MXMDX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.77 | 0.71 | 0.69 | 65 | Target Retirement Date | MXBSX vs FRQIX |
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