Looking to diversify beyond MDVAX? The mutual funds below have the lowest correlation with MDVAX — 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 MDVAX.
Best Diversifiers for MDVAX
2 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 0.25, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Diversified Value Fund | 0.25 | 0.22 | 0.14 | 70 | Large Cap Value Equities | MDVAX vs MDDAX | |
| MM S&P 500 Index Fund | 0.28 | 0.24 | 0.20 | 70 | S&P 500 | MDVAX vs MIEYX | |
| Franklin Income Fund Advisor Class | 0.40 | 0.53 | 0.41 | 92 | Diversified Portfolio | MDVAX vs FRIAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.41 | 0.26 | 0.19 | 90 | Intermediate Core-Plus Bond | MDVAX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.44 | 0.25 | 0.17 | 92 | Intermediate Core-Plus Bond | MDVAX vs LCTIX |
See all 12 diversifiers for MDVAX
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