- ISIN
- US57629E6133
- Issuer
- MassMutual
- Inception Date
- Jul 17, 1998
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DLBMX Performance Chart
MassMutual Small Cap Opportunities Fund (DLBMX) is up 16.7% since the beginning of the year. DLBMX is currently trading at $19 per share. Investors who bought $1,000 worth of DLBMX shares 5 years ago would now be looking at an investment worth $2,020.
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Returns By Period
MassMutual Small Cap Opportunities Fund (DLBMX) has returned 16.73% so far this year and 28.14% over the past 12 months. Looking at the last ten years, DLBMX has achieved an annualized return of 14.85%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
MassMutual Small Cap Opportunities Fund
- 1D
- 2.35%
- 1M
- 4.86%
- YTD
- 16.73%
- 6M
- 13.55%
- 1Y
- 28.14%
- 3Y*
- 15.63%
- 5Y*
- 15.10%
- 10Y*
- 14.85%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DLBMX Monthly Returns History
Based on dividend-adjusted daily data since Jul 13, 1998, DLBMX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 2021 with a return of +40.9%, while the worst month was Mar 2020 at -22.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DLBMX closed higher 52% of trading days. The best single day was Dec 15, 2021 with a return of +51.9%, while the worst single day was Mar 16, 2020 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.32% | 2.97% | -7.87% | 11.12% | 1.66% | 4.41% | 16.73% | ||||||
| 2025 | 4.43% | -4.02% | -6.28% | -1.08% | 5.42% | 3.12% | 0.06% | 5.69% | -1.12% | -0.79% | 3.89% | -0.73% | 8.07% |
| 2024 | -2.78% | 5.03% | 4.55% | -4.87% | 2.68% | -1.54% | 7.78% | 0.50% | 1.17% | -2.04% | 10.50% | -7.79% | 12.30% |
| 2023 | 8.37% | -0.70% | -3.79% | -1.80% | -2.11% | 9.59% | 4.76% | -3.27% | -6.01% | -7.72% | 9.38% | 12.01% | 17.43% |
| 2022 | -7.99% | 2.31% | -0.06% | -8.31% | 0.07% | -7.72% | 10.61% | -3.78% | -8.75% | 9.81% | 4.67% | -5.73% | -16.19% |
| 2021 | 2.53% | 7.15% | 2.82% | 4.48% | -0.70% | 0.05% | -0.86% | 1.74% | -1.66% | 5.82% | -4.88% | 40.86% | 64.90% |
Benchmark Metrics
MassMutual Small Cap Opportunities Fund has an annualized alpha of 4.46%, beta of 0.99, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since July 13, 1998.
- This fund captured 116.75% of S&P 500 Index gains but only 99.95% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.46% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.99 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.46%
- Beta
- 0.99
- R²
- 0.62
- Upside Capture
- 116.75%
- Downside Capture
- 99.95%
Expense Ratio
DLBMX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DLBMX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MassMutual Small Cap Opportunities Fund (DLBMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLBMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.52 |
| Martin ratioReturn relative to average drawdown | 8.73 | 12.44 | -3.71 |
Dividends
Dividend History
MassMutual Small Cap Opportunities Fund provided a 8.66% dividend yield over the last twelve months, with an annual payout of $1.66 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.66 | $1.66 | $1.56 | $0.76 | $0.13 | $6.16 | $1.24 | $0.07 | $1.36 | $1.94 | $0.45 | $1.39 |
Dividend yield | 8.66% | 10.11% | 9.33% | 4.73% | 0.88% | 35.42% | 7.82% | 0.46% | 11.94% | 13.55% | 3.14% | 11.15% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Small Cap Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $1.56 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.16 | $6.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MassMutual Small Cap Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MassMutual Small Cap Opportunities Fund was 65.12%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.12%Mar 2009 | 1y 7mo | 3y 6mo | 5y 2moJul 2007 - Sep 2012 |
COVID crash2020 | -42.55%Mar 2020 | 1y 6mo | 7mo 22d | 2y 2moSep 2018 - Nov 2020 |
1998 bear market1998 | -31.17%Oct 1998 | 2mo 24d | 1y 3mo | 1y 6moJul 1998 - Jan 2000 |
Dot-com crash2000–2002 | -30.78%Oct 2002 | 5mo 20d | 11mo 4d | 1y 4moApr 2002 - Sep 2003 |
Bear market2022 | -29.39%Jun 2022 | 6mo 2d | 2y 1mo | 2y 7moDec 2021 - Jul 2024 |
Drawdown Indicators
| DLBMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.12% | -56.78% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.10% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -18.90% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -25.43% | -3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.55% | -33.92% | -8.63% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -10.71% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.03% | +1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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