Looking to diversify beyond MXMDX? The mutual funds below have the lowest correlation with MXMDX — 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 MXMDX.
Best Diversifiers for MXMDX
1 mutual funds have low correlation with MXMDX (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 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Short Duration Bond Fund | 0.22 | 0.19 | 0.19 | 89 | Short-Term Bond | MXMDX vs MXSDX | |
| Great-West Emerging Markets Equity Fund | 0.48 | 0.53 | 0.58 | 89 | Emerging Markets Diversified | MXMDX vs MXEOX | |
| Gotham Enhanced Return Fund | 0.67 | 0.67 | 0.75 | 83 | Mid Cap Blend Equities | MXMDX vs GENIX | |
| Tarkio Fund | 0.68 | 0.73 | 0.81 | 63 | Mid Cap Blend Equities | MXMDX vs TARKX | |
| 13D Activist Fund | 0.69 | 0.74 | 0.81 | 66 | Mid Cap Blend Equities | MXMDX vs DDDIX |
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