Looking to diversify beyond MXINX? The mutual funds below have historically moved differently from MXINX, 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 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 0.35, down from 0.54 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 | 0.35 | 0.49 | 0.54 | 78 | 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... | 0.48 | 0.66 | 0.73 | 87 | Foreign Large Cap Equities | MXINX vs IVFIX | |
| Kopernik International Fund | 0.57 | 0.45 | 0.57 | 58 | Foreign Large Cap Equities | MXINX vs KGIIX | |
| GQG Partners International Quality Dividend Income... | 0.58 | 0.64 | 0.69 | 65 | Quality Factor, Foreign Large Cap Equities | MXINX vs GQJPX |
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