Looking to diversify beyond MMGEX? The mutual funds below have the lowest correlation with MMGEX — 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 MMGEX.
Best Diversifiers for MMGEX
2 mutual funds have low correlation with MMGEX (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 0.16, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Short Duration Bond Fund | 0.16 | 0.15 | 0.17 | 84 | Short-Term Bond | MMGEX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.29 | 0.25 | 0.20 | 82 | Intermediate Core-Plus Bond | MMGEX vs MDVAX | |
| MassMutual High Yield Fund | 0.45 | 0.51 | 0.50 | 76 | High Yield Bonds | MMGEX vs DLHYX | |
| MassMutual Diversified Value Fund | 0.68 | 0.72 | 0.76 | 82 | Large Cap Value Equities | MMGEX vs MDDAX | |
| MM S&P 500 Index Fund | 0.79 | 0.80 | 0.84 | 62 | S&P 500 | MMGEX vs MIEYX |
See all 21 diversifiers for MMGEX
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