Looking to diversify beyond MXFDX? The mutual funds below have historically moved differently from MXFDX, 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 MXFDX
1 mutual funds have low correlation with MXFDX (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 0.24, up from 0.14 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 | 0.24 | 0.19 | 0.14 | 58 | Emerging Markets Equities | MXFDX vs MXEOX | |
| Great-West Real Estate Index Fund | 0.32 | 0.37 | 0.30 | 79 | REIT | MXFDX vs MXREX | |
| Great-West S&P 500 Index Fund | 0.34 | 0.25 | 0.19 | 60 | Large Cap Blend Equities | MXFDX vs MXVIX | |
| Great-West S&P Small Cap 600 Index Fund | 0.36 | 0.28 | 0.19 | 83 | Small Cap Blend Equities | MXFDX vs MXISX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.36 | 0.27 | 0.19 | 52 | Mid Cap Blend Equities | MXFDX vs MXMDX |
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