Looking to diversify beyond MPSAX? The mutual funds below have the lowest correlation with MPSAX — 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 MPSAX.
Best Diversifiers for MPSAX
3 mutual funds have low correlation with MPSAX (below 0.3), 0 of which are negatively correlated. The least correlated is MassMutual Diversified Value Fund (MDDAX) (Large Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MassMutual Diversified Value Fund | 0.18 | 0.19 | 0.13 | 81 | Large Cap Value Equities | MPSAX vs MDDAX | |
| MM S&P 500 Index Fund | 0.20 | 0.21 | 0.16 | 63 | S&P 500 | MPSAX vs MIEYX | |
| Allspring Real Return Fund | 0.29 | 0.50 | 0.64 | 87 | Inflation-Protected Bonds | MPSAX vs IPBAX | |
| MassMutual High Yield Fund | 0.41 | 0.47 | 0.38 | 80 | High Yield Bonds | MPSAX vs DLHYX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.60 | 0.77 | — | 86 | Inflation-Protected Bonds | MPSAX vs FSTZX |
See all 14 diversifiers for MPSAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MPSAX
Add MPSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MPSAX