Looking to diversify beyond MXXLX? The mutual funds below have historically moved differently from MXXLX, 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 MXXLX
0 mutual funds have low correlation with MXXLX (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 0.34, 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 | 0.34 | 0.49 | 0.56 | 69 | REIT | MXXLX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.70 | 0.62 | 0.67 | 57 | Emerging Markets Equities | MXXLX vs MXEOX | |
| Great-West S&P Small Cap 600 Index Fund | 0.77 | 0.73 | 0.76 | 88 | Small Cap Blend Equities | MXXLX vs MXISX | |
| Dimensional Retirement Income Fund | 0.78 | 0.73 | 0.68 | 80 | Target Retirement Date | MXXLX vs TDIFX | |
| Great-West S&P Mid Cap 400 Index Fund | 0.79 | 0.75 | 0.79 | 57 | Mid Cap Blend Equities | MXXLX vs MXMDX |
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