Looking to diversify beyond MXGNX? The mutual funds below have the lowest correlation with MXGNX — 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 MXGNX.
Best Diversifiers for MXGNX
0 mutual funds have low correlation with MXGNX (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 0.41, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Real Estate Index Fund | 0.41 | 0.51 | 0.57 | 68 | REIT | MXGNX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.67 | 0.63 | 0.67 | 79 | Emerging Markets Diversified | MXGNX vs MXEOX | |
| Dimensional Retirement Income Fund | 0.75 | 0.73 | 0.68 | 75 | Target Retirement Date | MXGNX vs TDIFX | |
| Great-West S&P Small Cap 600 Index Fund | 0.77 | 0.74 | 0.76 | 81 | Small Cap Blend Equities | MXGNX vs MXISX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.77 | 0.71 | 0.69 | 61 | Target Retirement Date | MXGNX vs FRQAX |
See all 41 diversifiers for MXGNX
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