Looking to diversify beyond MXEDX? The mutual funds below have the lowest correlation with MXEDX — 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 MXEDX.
Best Diversifiers for MXEDX
1 mutual funds have low correlation with MXEDX (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 0.23, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.23 | 0.20 | 0.18 | 89 | Emerging Markets Diversified | MXEDX vs MXEOX | |
| Holbrook Income Fund Class I | 0.36 | 0.33 | 0.37 | 98 | Intermediate Core-Plus Bond | MXEDX vs HOBIX | |
| Great-West S&P Small Cap 600 Index Fund | 0.40 | 0.32 | 0.25 | 69 | Small Cap Blend Equities | MXEDX vs MXISX | |
| Great-West S&P 500 Index Fund | 0.40 | 0.28 | 0.25 | 65 | Large Cap Blend Equities | MXEDX vs MXVIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.41 | 0.20 | 0.14 | 94 | Intermediate Core-Plus Bond | MXEDX vs LCTIX |
See all 11 diversifiers for MXEDX
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