Looking to diversify beyond MXISX? The mutual funds below have historically moved differently from MXISX, 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 MXISX
0 mutual funds have low correlation with MXISX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Short Duration Bond Fund (MXSDX) (Short-Term Bond) with a 1Y correlation of 0.31, up from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Short Duration Bond Fund | 0.31 | 0.20 | 0.20 | 94 | Short-Term Bond | MXISX vs MXSDX | |
| BlackRock Health Sciences Opportunities Portfolio | 0.40 | 0.45 | 0.50 | 63 | Health & Biotech Equities | MXISX vs SHSAX | |
| Great-West Emerging Markets Equity Fund | 0.50 | 0.51 | 0.55 | 60 | Emerging Markets Equities | MXISX vs MXEOX | |
| Great-West Real Estate Index Fund | 0.50 | 0.61 | 0.66 | 80 | REIT | MXISX vs MXREX | |
| Great-West International Value Fund | 0.66 | 0.65 | 0.69 | 71 | Foreign Large Cap Equities | MXISX vs MXIVX |
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