Looking to diversify beyond MEFAX? The mutual funds below have the lowest correlation with MEFAX — 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 MEFAX.
Best Diversifiers for MEFAX
1 mutual funds have low correlation with MEFAX (below 0.3), 0 of which are negatively correlated. The least correlated is MassMutual Short Duration Bond Fund (MSTDX) (Short-Term Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Short Duration Bond Fund | 0.20 | 0.17 | 0.19 | 88 | Short-Term Bond | MEFAX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.30 | 0.27 | 0.23 | 82 | Intermediate Core-Plus Bond | MEFAX vs MDVAX | |
| MassMutual High Yield Fund | 0.49 | 0.53 | 0.50 | 80 | High Yield Bonds | MEFAX vs DLHYX | |
| Essex Environmental Opportunities Fund | 0.67 | 0.76 | 0.80 | 72 | Mid Cap Growth Equities | MEFAX vs EEOFX | |
| Needham Growth Fund | 0.74 | 0.78 | 0.83 | 91 | Mid Cap Growth Equities | MEFAX vs NEEGX |
See all 17 diversifiers for MEFAX
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