Looking to diversify beyond MEFAX? The mutual funds below have historically moved differently from MEFAX, 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 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 0.28, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Short Duration Bond Fund | 0.28 | 0.18 | 0.20 | 91 | Short-Term Bond | MEFAX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.38 | 0.27 | 0.24 | 86 | Intermediate Core-Plus Bond | MEFAX vs MDVAX | |
| MassMutual High Yield Fund | 0.52 | 0.53 | 0.50 | 78 | High Yield Bonds | MEFAX vs DLHYX | |
| MassMutual Diversified Value Fund | 0.67 | 0.73 | 0.76 | 91 | Large Cap Value Equities | MEFAX vs MDDAX | |
| Needham Growth Fund | 0.74 | 0.77 | 0.83 | 57 | Mid Cap Growth Equities | MEFAX vs NEEGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MEFAX
Add MEFAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MEFAX