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Great-West Small Cap Growth Fund (MXMTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small capitalization companies, which the manager defines as companies with market capitalizations within or below the range of the Russell 2000 Index at the time of purchase.

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

Best Diversifiers for MXMTX

0 mutual funds have low correlation with MXMTX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Emerging Markets Equity Fund (MXEOX) (Emerging Markets Diversified) with a 1Y correlation of 0.50, roughly unchanged from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MXEOX
Great-West Emerging Markets Equity Fund0.500.540.58
92
Emerging Markets DiversifiedMXMTX vs MXEOX
OBMCX
Oberweis Micro Cap Fund0.760.810.84
90
Small Cap Growth EquitiesMXMTX vs OBMCX
NESIX
Needham Small Cap Growth Fund Institutional0.770.790.82
95
Small Cap Growth EquitiesMXMTX vs NESIX
NEAGX
Needham Aggressive Growth Fund0.770.770.80
94
Small Cap Growth EquitiesMXMTX vs NEAGX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.770.770.80
94
Small Cap Growth EquitiesMXMTX vs NEAIX
See all 11 diversifiers for MXMTX

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Diversification Analysis

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