Looking to diversify beyond MXSDX? The mutual funds below have the lowest correlation with MXSDX — 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 MXSDX.
Best Diversifiers for MXSDX
6 mutual funds have low correlation with MXSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.04 | 0.06 | 0.20 | 82 | Short-Term Bond | MXSDX vs LCCMX | |
| Great-West Emerging Markets Equity Fund | 0.22 | 0.14 | 0.16 | 77 | Emerging Markets Diversified | MXSDX vs MXEOX | |
| DFA Two-Year Fixed Income Portfolio | 0.22 | 0.10 | 0.40 | 100 | Short-Term Bond | MXSDX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.24 | 0.49 | 0.58 | 54 | Short-Term Bond | MXSDX vs GPARX | |
| GuidepathConservative Income Fund | 0.24 | 0.33 | 0.41 | 99 | Short-Term Bond | MXSDX vs GPICX |
See all 23 diversifiers for MXSDX
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