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Great-West S&P Small Cap 600 Index Fund (MXISX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks of the companies included in the benchmark index. The fund uses the replication method of indexing, meaning the fund seeks to own the securities contained in the benchmark index in as close as possible a proportion of the fund as each stock’s weight in the benchmark index.

Looking to diversify beyond MXISX? The mutual funds below have the lowest correlation with MXISX — 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 MXISX.

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 0.30, up from 0.20 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MXSDX
Great-West Short Duration Bond Fund0.300.210.20
93
Short-Term BondMXISX vs MXSDX
MXEOX
Great-West Emerging Markets Equity Fund0.470.500.55
64
Emerging Markets DiversifiedMXISX vs MXEOX
MXREX
Great-West Real Estate Index Fund0.480.610.66
64
REITMXISX vs MXREX
AUERX
Auer Growth Fund0.690.710.77
84
Small Cap Blend EquitiesMXISX vs AUERX
VFIAX
Vanguard 500 Index Fund Admiral Shares0.690.640.72
62
S&P 500, Large Cap Blend EquitiesMXISX vs VFIAX
See all 44 diversifiers for MXISX

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