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Great-West Large Cap Growth Fund (MXLGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund will, under normal circumstances, invest 80% of its net assets (plus the amount of any borrowings for investment purposes) in sequity securities of large capitalization (“large cap”) companies. For purposes of the 80% policy, the manager considers large cap companies to be those with market capitalizations of $4 billion or more at the time of purchase. It may invest in foreign securities, including investments in emerging markets.

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

Best Diversifiers for MXLGX

1 mutual funds have low correlation with MXLGX (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 0.29, up from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MXSDX
Great-West Short Duration Bond Fund0.290.160.18
89
Short-Term BondMXLGX vs MXSDX
BPTRX
Baron Partners Fund0.510.560.64
72
Large Cap Growth EquitiesMXLGX vs BPTRX
MXLSX
Great-West Small Cap Value Fund0.550.570.66
55
Small Cap Value EquitiesMXLGX vs MXLSX
MXEQX
Great-West Large Cap Value Fund0.580.600.70
83
Large Cap Value EquitiesMXLGX vs MXEQX
MXMVX
Great-West Mid Cap Value Fund0.600.630.73
61
Mid Cap Value EquitiesMXLGX vs MXMVX
See all 46 diversifiers for MXLGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MXLGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MXLGX and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
JPM
JPMorgan Chase & Co.0.370.320.43
69
Financial Services

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