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MassMutual Diversified Bond Fund (MDVAX) Sharpe Ratio: 2.37

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed income securities. These typically include: U.S. dollar-denominated corporate obligations and bank loans, securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, U.S. and foreign issuer dollar-denominated bonds including, but not limited to, corporate obligations, government and agency issues, private placement bonds, securities subject to resale pursuant to Rule 144A, convertible bonds, and mortgage-backed, and other asset-backed securities.

MDVAX's Sharpe Ratio of 2.37 indicates that for each unit of volatility, it generates 2.37 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MDVAX Sharpe Ratio Rank

MDVAX Sharpe Ratio Rank: 77.477
Above Average

MDVAX ranks above 77.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

MDVAX Sharpe Ratio Market Positioning

The chart shows MDVAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.28+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares MassMutual Diversified Bond Fund's Sharpe Ratio with other mutual funds in the Intermediate Core-Plus Bond category across multiple time periods, showing how MDVAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HOBIXHolbrook Income Fund Class I3.08
LCTIXLeader Capital High Quality Income Fund Institutional Shares2.70
LCTRXLeader Capital High Quality Floating Rate Fund Investor Shares2.58
MDVAXMassMutual Diversified Bond Fund2.37
GUGAXGMO Multi-Sector Fixed Income Fund2.00
AMFIXAAMA Income Fund1.97
ARINXArcher Income Fund1.96
SEATXSEI Tax Exempt Trust Tax-Advantaged Income Fund1.80
PGSIXPutnam Mortgage Securities Fund1.70
BILDXDoubleLine Infrastructure Income Fund1.63

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MDVAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MDVAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MDVAX fit in your portfolio?

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