- ISIN
- US57629U6331
- Issuer
- MassMutual
- Inception Date
- Oct 15, 2004
- Category
- Large Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
MDDAX Performance Chart
MassMutual Diversified Value Fund (MDDAX) is up 11.4% since the beginning of the year. MDDAX is currently trading at $9 per share. Investors who bought $1,000 worth of MDDAX shares 5 years ago would now be looking at an investment worth $1,773.
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Returns By Period
MassMutual Diversified Value Fund (MDDAX) has returned 11.42% so far this year and 26.69% over the past 12 months. Over the last ten years, MDDAX has returned 12.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MassMutual Diversified Value Fund
- 1D
- 0.22%
- 1M
- 2.09%
- YTD
- 11.42%
- 6M
- 10.49%
- 1Y
- 26.69%
- 3Y*
- 17.79%
- 5Y*
- 12.13%
- 10Y*
- 12.20%
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%
MDDAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2004, MDDAX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MDDAX closed higher 51% of trading days. The best single day was Dec 16, 2021 with a return of +13.4%, while the worst single day was Dec 17, 2021 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.61% | 3.02% | -3.60% | 4.44% | 2.24% | 1.42% | 11.42% | ||||||
| 2025 | 5.23% | 0.70% | -2.37% | -4.35% | 2.75% | 3.81% | 0.69% | 4.33% | 1.31% | -0.98% | 3.70% | 1.05% | 16.56% |
| 2024 | 0.78% | 3.11% | 6.36% | -4.33% | 3.13% | -1.12% | 5.89% | 2.36% | 0.55% | 0.10% | 6.67% | -7.05% | 16.62% |
| 2023 | 5.15% | -3.53% | -2.14% | 1.28% | -5.22% | 6.36% | 4.28% | -2.82% | -2.99% | -3.09% | 6.84% | 5.63% | 8.97% |
| 2022 | 0.08% | -0.31% | 1.65% | -5.09% | 2.84% | -8.45% | 4.92% | -1.89% | -8.97% | 12.62% | 6.38% | -4.34% | -2.70% |
| 2021 | -0.35% | 6.14% | 7.47% | 4.29% | 3.14% | -2.03% | 0.00% | 2.44% | -2.75% | 4.91% | -3.97% | 6.52% | 28.07% |
Benchmark Metrics
MassMutual Diversified Value Fund has an annualized alpha of -0.18%, beta of 0.99, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since October 19, 2004.
- With beta of 0.99 and R2 of 0.87, 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
- -0.18%
- Beta
- 0.99
- R²
- 0.87
- Upside Capture
- 98.67%
- Downside Capture
- 101.37%
Expense Ratio
MDDAX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDDAX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MassMutual Diversified Value Fund (MDDAX) 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.
| MDDAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.78 | +1.12 |
| Martin ratioReturn relative to average drawdown | 13.90 | 12.44 | +1.46 |
Dividends
Dividend History
MassMutual Diversified Value Fund provided a 29.12% dividend yield over the last twelve months, with an annual payout of $2.70 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.70 | $2.70 | $3.86 | $0.53 | $1.42 | $1.62 | $0.19 | $1.35 | $1.87 | $4.74 | $0.90 | $0.17 |
Dividend yield | 29.12% | 32.44% | 40.33% | 4.62% | 12.85% | 12.66% | 1.64% | 11.68% | 18.94% | 37.06% | 5.94% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Diversified Value 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 | $2.53 | $0.00 | $0.00 | $0.17 | $2.70 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $0.00 | $0.00 | $0.88 | $3.86 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.42 | $1.42 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
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 Diversified Value 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 Diversified Value Fund was 63.45%, occurring on Mar 9, 2009. Recovery took 1093 trading sessions.
The current MassMutual Diversified Value Fund drawdown is 0.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.45%Mar 2009 | 1y 9mo | 4y 4mo | 6y 1moJun 2007 - Jul 2013 |
COVID crash2020 | -38.72%Mar 2020 | 2mo 2d | 9mo 20d | 11mo 22dJan 2020 - Jan 2021 |
Bear market2022 | -24.00%Sep 2022 | 9mo 17d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -20.12%Dec 2018 | 10mo 29d | 10mo 8d | 1y 9moJan 2018 - Oct 2019 |
2016 correction2016 | -17.99%Feb 2016 | 7mo 22d | 9mo 3d | 1y 4moJun 2015 - Nov 2016 |
Drawdown Indicators
| MDDAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -56.78% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -9.10% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -18.90% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -25.43% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -33.92% | -4.80% |
Current DrawdownCurrent decline from peak | -0.86% | -1.80% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -10.71% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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