Looking to diversify beyond MXINX? The mutual funds below have the lowest correlation with MXINX — 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 MXINX.
Best Diversifiers for MXINX
0 mutual funds have low correlation with MXINX (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 0.39, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Real Estate Index Fund | 0.39 | 0.50 | 0.55 | 63 | REIT | MXINX vs MXREX | |
| Great-West Short Duration Bond Fund | 0.45 | 0.32 | 0.31 | 94 | Short-Term Bond | MXINX vs MXSDX | |
| Federated Hermes International Strategic Value Div... | 0.53 | 0.67 | 0.74 | 61 | Foreign Large Cap Equities | MXINX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.66 | 0.73 | 86 | Foreign Large Cap Equities | MXINX vs THOIX | |
| PIMCO RAE PLUS International Fund | 0.60 | 0.61 | 0.65 | 82 | Foreign Large Cap Equities | MXINX vs PTSIX |
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