Looking to diversify beyond MDVAX? The mutual funds below have historically moved differently from MDVAX, 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 MDVAX
1 mutual funds have low correlation with MDVAX (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 0.16 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 | 0.16 | 92 | Large Cap Value Equities | MDVAX vs MDDAX | |
| MassMutual Small Cap Growth Equity Fund | 0.31 | 0.25 | 0.21 | 63 | Small Cap Growth Equities | MDVAX vs MMGEX | |
| MM S&P 500 Index Fund | 0.36 | 0.24 | 0.21 | 54 | S&P 500 | MDVAX vs MIEYX | |
| Franklin Income Fund Advisor Class | 0.43 | 0.52 | 0.43 | 94 | Diversified Portfolio | MDVAX vs FRIAX | |
| Holbrook Income Fund Class I | 0.45 | 0.39 | 0.43 | 98 | Intermediate Core-Plus Bond | MDVAX vs HOBIX |
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