Looking to diversify beyond MXFLX? The mutual funds below have historically moved differently from MXFLX, 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 MXFLX
0 mutual funds have low correlation with MXFLX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Real Estate Index Fund (MXREX) (REIT) with a 1Y correlation of 0.38, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Real Estate Index Fund | 0.38 | 0.53 | 0.59 | 79 | REIT | MXFLX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.65 | 0.58 | 0.62 | 58 | Emerging Markets Equities | MXFLX vs MXEOX | |
| Great-West S&P Small Cap 600 Index Fund | 0.77 | 0.70 | 0.73 | 83 | Small Cap Blend Equities | MXFLX vs MXISX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.78 | 0.73 | 0.76 | 52 | Mid Cap Blend Equities | MXFLX vs MXMDX | |
| Great-West International Value Fund | 0.81 | 0.71 | 0.75 | 75 | Foreign Large Cap Equities | MXFLX vs MXIVX |
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