MassMutual Diversified Bond Fund (MDVAX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MDVAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MDVAX
MDVAX charges 1.07% annually. There are 119 mutual funds in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | MDVAX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | MDVAX vs SSASX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | MDVAX vs TIBDX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | MDVAX vs EINFX | |
| Brandes Core Plus Fixed Income Fund | 0.30% | — | Dec 2007 | MDVAX vs BCPIX |
Best Risk-Adjusted Alternatives to MDVAX
MDVAX has a PortfoliosLab risk / return rank of 84. There are 3 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 99 | — | Jul 2016 | MDVAX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 96 | — | Jul 2010 | MDVAX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 94 | — | Jul 2010 | MDVAX vs LCTRX | |
| GMO Multi-Sector Fixed Income Fund | 75 | — | Apr 1997 | MDVAX vs GUGAX | |
| AAMA Income Fund | 73 | — | Jun 2017 | MDVAX vs AMFIX |
Top Performing MDVAX Alternatives (YTD)
MDVAX is at 2.59% YTD. There are 3 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 3.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Securities Fund | 3.28% | — | Feb 1984 | MDVAX vs PGSIX | |
| 1290 Diversified Bond Fund | 3.16% | — | Jul 2015 | MDVAX vs TNUIX | |
| Nuveen Core Plus Impact Fund | 3.04% | — | Apr 2021 | MDVAX vs NPCT | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 2.33% | — | Sep 2007 | MDVAX vs SEATX | |
| Holbrook Income Fund Class I | 2.22% | — | Jul 2016 | MDVAX vs HOBIX |
Lowest Volatility Alternatives to MDVAX
MDVAX has 3.18% 1-year volatility. There are 9 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.12% | — | Jun 2017 | MDVAX vs AMFIX | |
| Archer Income Fund | 1.81% | — | Mar 2011 | MDVAX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 1.97% | — | Jul 2010 | MDVAX vs LCTRX | |
| Holbrook Income Fund Class I | 2.02% | — | Jul 2016 | MDVAX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 2.02% | — | Jul 2010 | MDVAX vs LCTIX |
Lowest Drawdown Alternatives to MDVAX
MDVAX has a 1-year max drawdown of -2.21%. There are 7 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | MDVAX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | MDVAX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.16% | — | Apr 1997 | MDVAX vs GUGAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | MDVAX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | MDVAX vs LCTIX |
Other Mutual Funds from MassMutual
The 10 most viewed MassMutual mutual funds shown here include MOGAX, MIEYX, MEFAX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MassMutual 60/40 Allocation Fund | Diversified Portfolio | — | — | — | Jun 2011 | MDVAX vs MOGAX | |
| MM S&P 500 Index Fund | S&P 500 | 53 | 7.87% | — | Feb 1998 | MDVAX vs MIEYX | |
| MassMutual Mid Cap Growth Fund | Mid Cap Growth Equities | 9 | 4.32% | — | May 2000 | MDVAX vs MEFAX | |
| MassMutual Diversified Value Fund | Large Cap Value Equities | 83 | 11.78% | — | Oct 2004 | MDVAX vs MDDAX | |
| MassMutual Core Bond Fund | Intermediate Core Bond | 40 | 1.18% | — | Sep 1994 | MDVAX vs MCBDX | |
| MassMutual Short Duration Bond Fund | Short-Term Bond | 89 | 0.73% | — | Sep 1994 | MDVAX vs MSTDX | |
| MassMutual Global Fund | Global Equities | 14 | 5.65% | — | Dec 2004 | MDVAX vs MGFAX | |
| MassMutual Blue Chip Growth Fund | Large Cap Growth Equities | 7 | -3.96% | — | May 2001 | MDVAX vs MBCSX | |
| MassMutual High Yield Fund | High Yield Bonds | 80 | 2.01% | — | Sep 2000 | MDVAX vs DLHYX | |
| MassMutual Overseas Fund | Foreign Large Cap Equities | 10 | 0.94% | — | Apr 2001 | MDVAX vs MOSAX |
Often Compared With MDVAX
Investors most often compare MDVAX with FRIAX, MWIGX, DCPYX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MDVAX with Any Fund or Stock
Compare MDVAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MDVAX with funds that move differently
MassMutual Diversified Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDVAX.
Explore MDVAX Diversifiers