Looking to diversify beyond MMGEX? The mutual funds below have historically moved differently from MMGEX, 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 MMGEX
1 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 0.21, roughly unchanged from 0.17 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 | 0.21 | 0.15 | 0.17 | 91 | Short-Term Bond | MMGEX vs MSTDX | |
| MassMutual Diversified Bond Fund | 0.31 | 0.25 | 0.21 | 86 | Intermediate Core-Plus Bond | MMGEX vs MDVAX | |
| MassMutual High Yield Fund | 0.46 | 0.50 | 0.49 | 78 | High Yield Bonds | MMGEX vs DLHYX | |
| MassMutual Diversified Value Fund | 0.60 | 0.69 | 0.74 | 91 | Large Cap Value Equities | MMGEX vs MDDAX | |
| MM S&P 500 Index Fund | 0.79 | 0.80 | 0.84 | 56 | S&P 500 | MMGEX vs MIEYX |
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