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
0 mutual funds have low correlation with MCBDX (below 0.3), 0 of which are negatively correlated. The least correlated is MassMutual Small Cap Growth Equity Fund (MMGEX) (Small Cap Growth Equities) with a 1Y correlation of 0.30, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Small Cap Growth Equity Fund | 0.30 | 0.25 | 0.17 | 76 | Small Cap Growth Equities | MCBDX vs MMGEX | |
| MassMutual Diversified Value Fund | 0.31 | 0.23 | 0.12 | 82 | Large Cap Value Equities | MCBDX vs MDDAX | |
| MM S&P 500 Index Fund | 0.35 | 0.26 | 0.18 | 62 | S&P 500 | MCBDX vs MIEYX | |
| MassMutual High Yield Fund | 0.59 | 0.58 | 0.48 | 76 | High Yield Bonds | MCBDX vs DLHYX | |
| MassMutual Short Duration Bond Fund | 0.69 | 0.69 | 0.57 | 84 | Short-Term Bond | MCBDX vs MSTDX |
See all 8 diversifiers for MCBDX
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