Looking to diversify beyond MXMTX? The mutual funds below have historically moved differently from MXMTX, 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 MXMTX
1 mutual funds have low correlation with MXMTX (below 0.3), 0 of which are negatively correlated. The least correlated is Great-West Real Estate Index Fund (MXREX) (REIT) with a 1Y correlation of 0.29, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Real Estate Index Fund | 0.29 | 0.48 | 0.56 | 79 | REIT | MXMTX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.59 | 0.57 | 0.59 | 58 | Emerging Markets Equities | MXMTX vs MXEOX | |
| Great-West International Value Fund | 0.63 | 0.64 | 0.68 | 75 | Foreign Large Cap Equities | MXMTX vs MXIVX | |
| Great-West International Index Fund | 0.66 | 0.66 | 0.69 | 66 | Foreign Large Cap Equities | MXMTX vs MXINX | |
| Great-West Conservative Profile Fund | 0.69 | 0.66 | 0.69 | 68 | Diversified Portfolio | MXMTX vs MXCPX |
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