Looking to diversify beyond MCBDX? The mutual funds below have the lowest correlation with MCBDX — 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 MCBDX.
Best Diversifiers for MCBDX
1 mutual funds have low correlation with MCBDX (below 0.3), 0 of which are negatively correlated. The least correlated is MassMutual Diversified Value Fund (MDDAX) (Large Cap Value Equities) with a 1Y correlation of 0.27, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Diversified Value Fund | 0.27 | 0.22 | 0.12 | 84 | Large Cap Value Equities | MCBDX vs MDDAX | |
| MassMutual Small Cap Growth Equity Fund | 0.30 | 0.25 | 0.18 | 74 | Small Cap Growth Equities | MCBDX vs MMGEX | |
| MM S&P 500 Index Fund | 0.33 | 0.26 | 0.18 | 62 | S&P 500 | MCBDX vs MIEYX | |
| MassMutual High Yield Fund | 0.56 | 0.58 | 0.48 | 80 | High Yield Bonds | MCBDX vs DLHYX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.68 | 0.70 | 0.69 | 61 | Intermediate Core Bond | MCBDX vs STWTX |
See all 9 diversifiers for MCBDX
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