Looking to diversify beyond MXRLX? The mutual funds below have the lowest correlation with MXRLX — 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 MXRLX.
Best Diversifiers for MXRLX
0 mutual funds have low correlation with MXRLX (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 0.61, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Great-West Emerging Markets Equity Fund | 0.61 | 0.62 | 0.65 | 92 | Emerging Markets Diversified | MXRLX vs MXEOX | |
| Great-West S&P Small Cap 600 Index Fund | 0.72 | 0.73 | 0.76 | 60 | Small Cap Blend Equities | MXRLX vs MXISX | |
| Dimensional Retirement Income Fund | 0.73 | 0.73 | 0.68 | 83 | Target Retirement Date | MXRLX vs TDIFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.76 | 0.70 | 0.64 | 78 | Target Retirement Date | MXRLX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.76 | 0.72 | 0.70 | 72 | Target Retirement Date | MXRLX vs FRQIX |
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