BGH vs. BXFIX
BGH (Barings Global Short Duration High Yield Fund) and BXFIX (MassMutual Global Floating Rate Fund) are both mutual funds - BGH is a High Yield Bonds fund actively managed by Barings, while BXFIX is a Bank Loan fund managed by Barings. Over the past 3 years, BGH returned 14.26%/yr vs 4.76%/yr for BXFIX. Their 0.25 correlation means their historical movements had little consistent relationship. BGH charges 3.95%/yr vs 0.77%/yr for BXFIX.
Performance
BGH vs. BXFIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BGH having a 0.49% return and BXFIX slightly lower at 0.48%.
BGH
- 1D
- 0.78%
- 1M
- 0.93%
- 6M
- -0.51%
- YTD
- 0.49%
- 1Y
- 0.32%
- 3Y*
- 14.26%
- 5Y*
- 6.67%
- 10Y*
- 7.48%
- ALL TIME*
- 6.30%
BXFIX
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 1.10%
- YTD
- 0.48%
- 1Y
- 2.30%
- 3Y*
- 4.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $1.19M | $1.20M | |
| $0.00 | $0.00 | $0.00 |
BGH vs. BXFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 0.49% | 8.56% | 27.22% | 18.18% | -19.89% | 4.76% |
BXFIX MassMutual Global Floating Rate Fund | 0.48% | 4.72% | 6.83% | 10.26% | -5.65% | 0.41% |
Correlation
The correlation between BGH and BXFIX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.25 |
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Return for Risk
BGH vs. BXFIX — Risk / Return Rank
BGH
BXFIX
BGH vs. BXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Global Short Duration High Yield Fund (BGH) and MassMutual Global Floating Rate Fund (BXFIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BGH | BXFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.28 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.34 | -1.32 |
| Martin ratioReturn relative to average drawdown | 0.04 | 3.89 | -3.85 |
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Drawdowns
BGH vs. BXFIX - Drawdown Comparison
The maximum BGH drawdown since its inception was -48.73%, which is greater than BXFIX's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for BGH and BXFIX.
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Drawdown Indicators
| BGH | BXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -9.12% | -39.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -1.72% | -15.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -2.92% | -13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | — | — |
Current DrawdownCurrent decline from peak | -7.33% | -0.84% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -1.46% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.74% | 0.60% | +8.14% |
Volatility
BGH vs. BXFIX - Volatility Comparison
Barings Global Short Duration High Yield Fund (BGH) has a higher volatility of 3.18% compared to MassMutual Global Floating Rate Fund (BXFIX) at 0.55%. This indicates that BGH's price experiences larger fluctuations and is considered to be riskier than BXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGH | BXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 0.55% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 1.87% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 2.45% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 2.99% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 2.99% | +12.96% |
BGH vs. BXFIX - Expense Ratio Comparison
BGH has a 3.95% expense ratio, which is higher than BXFIX's 0.77% expense ratio.
Dividends
BGH vs. BXFIX - Dividend Comparison
BGH's dividend yield for the trailing twelve months is around 12.02%, more than BXFIX's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 12.02% | 11.38% | 9.72% | 10.66% | 9.99% | 7.31% | 9.10% | 10.14% | 12.11% | 9.50% | 9.61% | 13.31% |
BXFIX MassMutual Global Floating Rate Fund | 6.67% | 7.58% | 7.30% | 6.10% | 4.35% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGH and BXFIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGH has higher volatility (3.18%) compared to BXFIX (0.55%). In terms of maximum drawdown, BGH dropped -48.73% vs BXFIX's -9.12%.
BXFIX currently has the higher Sharpe Ratio (0.95 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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