Looking to diversify beyond MCBDX? The mutual funds below have historically moved differently from MCBDX, 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 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 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Diversified Value Fund | 0.27 | 0.22 | 0.13 | 91 | Large Cap Value Equities | MCBDX vs MDDAX | |
| MassMutual Small Cap Growth Equity Fund | 0.31 | 0.24 | 0.18 | 66 | Small Cap Growth Equities | MCBDX vs MMGEX | |
| MassMutual Small Cap Opportunities Fund | 0.33 | 0.24 | 0.19 | 50 | Small Cap Blend Equities | MCBDX vs DLBMX | |
| MM S&P 500 Index Fund | 0.35 | 0.25 | 0.19 | 56 | S&P 500 | MCBDX vs MIEYX | |
| MassMutual High Yield Fund | 0.58 | 0.58 | 0.49 | 78 | High Yield Bonds | MCBDX vs DLHYX |
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