Looking to diversify beyond MXVIX? The mutual funds below have historically moved differently from MXVIX, 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 MXVIX
1 mutual funds have low correlation with MXVIX (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 0.20, down from 0.57 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 | 0.20 | 0.45 | 0.57 | 79 | REIT | MXVIX vs MXREX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.21 | 0.16 | 97 | Large Cap Blend Equities | MXVIX vs SVPFX | |
| Great-West Short Duration Bond Fund | 0.31 | 0.19 | 0.20 | 94 | Short-Term Bond | MXVIX vs MXSDX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.37 | 0.42 | 59 | Preferred Stock | MXVIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.61 | 0.72 | 89 | Large Cap Blend Equities | MXVIX vs RCKSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MXVIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.41, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.41 | 0.42 | 0.52 | 71 | Financial Services |
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