Looking to diversify beyond MPSAX? The mutual funds below have historically moved differently from MPSAX, 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 MPSAX
4 mutual funds have low correlation with MPSAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.00, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.00 | 0.23 | 0.31 | 86 | Inflation-Protected Bonds | MPSAX vs SEIAX | |
| MassMutual Diversified Value Fund | 0.12 | 0.18 | 0.13 | 91 | Large Cap Value Equities | MPSAX vs MDDAX | |
| MM S&P 500 Index Fund | 0.23 | 0.21 | 0.17 | 56 | S&P 500 | MPSAX vs MIEYX | |
| Allspring Real Return Fund | 0.30 | 0.48 | 0.63 | 66 | Inflation-Protected Bonds | MPSAX vs IPBAX | |
| MassMutual High Yield Fund | 0.41 | 0.48 | 0.38 | 78 | High Yield Bonds | MPSAX vs DLHYX |
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