Looking to diversify beyond DLBMX? The mutual funds below have historically moved differently from DLBMX, 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 DLBMX
1 mutual funds have low correlation with DLBMX (below 0.3), 0 of which are negatively correlated. The least correlated is MassMutual Short Duration Bond Fund (MSTDX) (Short-Term Bond) with a 1Y correlation of 0.22, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Short Duration Bond Fund | 0.22 | 0.15 | 0.17 | 91 | Short-Term Bond | DLBMX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.30 | 0.24 | 0.21 | 86 | Intermediate Core-Plus Bond | DLBMX vs MDVAX | |
| MassMutual High Yield Fund | 0.48 | 0.51 | 0.49 | 78 | High Yield Bonds | DLBMX vs DLHYX | |
| DFA International Small Company Portfolio | 0.66 | 0.67 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | DLBMX vs DFISX | |
| Auer Growth Fund | 0.67 | 0.74 | 0.79 | 91 | Small Cap Blend Equities | DLBMX vs AUERX |
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