Looking to diversify beyond MXLSX? The mutual funds below have historically moved differently from MXLSX, 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 MXLSX
0 mutual funds have low correlation with MXLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.37, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.37 | 0.46 | 0.54 | 94 | Small Cap Value Equities | MXLSX vs AVALX | |
| Great-West Emerging Markets Equity Fund | 0.39 | 0.45 | 0.52 | 58 | Emerging Markets Equities | MXLSX vs MXEOX | |
| Great-West Real Estate Index Fund | 0.52 | 0.59 | 0.64 | 79 | REIT | MXLSX vs MXREX | |
| Great-West International Index Fund | 0.59 | 0.62 | 0.68 | 66 | Foreign Large Cap Equities | MXLSX vs MXINX | |
| Palm Valley Capital Fund Investor Class | 0.60 | 0.58 | 0.58 | 73 | Small Cap Value Equities | MXLSX vs PVCMX |
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