Looking to diversify beyond MIEYX? The mutual funds below have the lowest correlation with MIEYX — 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 MIEYX.
Best Diversifiers for MIEYX
1 mutual funds have low correlation with MIEYX (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 0.25, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Short Duration Bond Fund | 0.25 | 0.16 | 0.18 | 84 | Short-Term Bond | MIEYX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.33 | 0.24 | 0.20 | 82 | Intermediate Core-Plus Bond | MIEYX vs MDVAX | |
| MassMutual High Yield Fund | 0.57 | 0.53 | 0.51 | 76 | High Yield Bonds | MIEYX vs DLHYX | |
| MassMutual Diversified Value Fund | 0.63 | 0.67 | 0.76 | 82 | Large Cap Value Equities | MIEYX vs MDDAX | |
| T. Rowe Price QM U.S. Small & Mid-Cap Core Equity ... | 0.79 | 0.79 | 0.84 | 65 | Mid Cap Blend Equities | MIEYX vs TQSIX |
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