Looking to diversify beyond MXGBX? The mutual funds below have historically moved differently from MXGBX, 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 MXGBX
1 mutual funds have low correlation with MXGBX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.25 | 0.10 | 0.29 | 100 | Global Bonds | MXGBX vs DFGFX | |
| Great-West Emerging Markets Equity Fund | 0.34 | 0.28 | 0.30 | 57 | Emerging Markets Equities | MXGBX vs MXEOX | |
| Great-West Real Estate Index Fund | 0.34 | 0.38 | 0.35 | 78 | REIT | MXGBX vs MXREX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.39 | 0.30 | 0.28 | 52 | Mid Cap Blend Equities | MXGBX vs MXMDX | |
| Great-West S&P 500 Index Fund | 0.40 | 0.28 | 0.28 | 62 | Large Cap Blend Equities | MXGBX vs MXVIX |
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