MassMutual Diversified Bond Fund (MDVAX)

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The chart shows the growth of an initial investment of $10,000 in MassMutual Diversified Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

MassMutual Diversified Bond Fund (MDVAX) has returned -0.45% so far this year and 5.17% over the past 12 months. Over the last ten years, MDVAX has returned 2.05% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 30, 1999, MDVAX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, your investment would double in approximately 22.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Mar 2020 at -8.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MDVAX closed higher 44% of trading days. The best single day was Dec 13, 2022 with a return of +4.6%, while the worst single day was Dec 30, 1999 at -3.8%.

MassMutual Diversified Bond Fund has an annualized alpha of 3.26%, beta of -0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 03, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.18%) than losses (6.30%) — typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MDVAX has a high expense ratio of 1.07%, indicating above-average management fees.

MDVAX ranks 80 for risk / return — in the top 80% 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.

The table below present risk-adjusted performance metrics for MassMutual Diversified Bond Fund (MDVAX) and compare them to a chosen benchmark (S&P 500 Index).

MassMutual Diversified Bond Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.30 per share.

The table displays the monthly dividend distributions for MassMutual Diversified Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the MassMutual Diversified Bond 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 Bond Fund was 23.02%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current MassMutual Diversified Bond Fund drawdown is 6.24%.

The chart below shows the rolling one-month volatility.