Looking to diversify beyond MXIGX? The mutual funds below have historically moved differently from MXIGX, 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 MXIGX
0 mutual funds have low correlation with MXIGX (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 0.31, down from 0.53 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 | 0.31 | 0.47 | 0.53 | 79 | REIT | MXIGX vs MXREX | |
| Federated Hermes International Strategic Value Div... | 0.38 | 0.54 | 0.61 | 88 | Foreign Large Cap Equities | MXIGX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.50 | 0.54 | 95 | Foreign Large Cap Equities | MXIGX vs PTSIX | |
| Kopernik International Fund | 0.50 | 0.38 | 0.50 | 66 | Foreign Large Cap Equities | MXIGX vs KGIIX | |
| SA International Value Fund | 0.53 | 0.61 | 0.63 | 96 | Foreign Large Cap Equities | MXIGX vs SAHMX |
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