BXFIX vs. BGH
BXFIX (MassMutual Global Floating Rate Fund) and BGH (Barings Global Short Duration High Yield Fund) are both mutual funds - BXFIX is a Bank Loan fund managed by Barings, while BGH is a High Yield Bonds fund actively managed by Barings. Over the past 3 years, BXFIX returned 4.68%/yr vs 13.96%/yr for BGH. Their 0.25 correlation means their historical movements had little consistent relationship. BXFIX charges 0.77%/yr vs 3.95%/yr for BGH.
Performance
BXFIX vs. BGH - Performance Comparison
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Returns By Period
In the year-to-date period, BXFIX achieves a 0.48% return, which is significantly higher than BGH's -0.28% return.
BXFIX
- 1D
- -0.12%
- 1M
- -0.60%
- 6M
- 0.98%
- YTD
- 0.48%
- 1Y
- 2.30%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.53%
BGH
- 1D
- 0.50%
- 1M
- 0.15%
- 6M
- -1.61%
- YTD
- -0.28%
- 1Y
- 0.62%
- 3Y*
- 13.96%
- 5Y*
- 6.52%
- 10Y*
- 7.40%
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $1.20M | $1.19M | |
| $0.00 | $0.00 | $0.00 |
BXFIX vs. BGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXFIX MassMutual Global Floating Rate Fund | 0.48% | 4.72% | 6.83% | 10.26% | -5.65% | 0.41% |
BGH Barings Global Short Duration High Yield Fund | -0.28% | 8.56% | 27.22% | 18.18% | -19.89% | 4.76% |
Correlation
The correlation between BXFIX and BGH 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
BXFIX vs. BGH — Risk / Return Rank
BXFIX
BGH
BXFIX vs. BGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Floating Rate Fund (BXFIX) and Barings Global Short Duration High Yield Fund (BGH). 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.
| BXFIX | BGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.02 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.04 | +1.23 |
| Martin ratioReturn relative to average drawdown | 3.70 | 0.07 | +3.63 |
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Drawdowns
BXFIX vs. BGH - Drawdown Comparison
The maximum BXFIX drawdown since its inception was -9.12%, smaller than the maximum BGH drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for BXFIX and BGH.
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Drawdown Indicators
| BXFIX | BGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -48.73% | +39.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -16.90% | +15.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.92% | -16.90% | +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 | -0.84% | -8.05% | +7.21% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -7.33% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 8.73% | -8.14% |
Volatility
BXFIX vs. BGH - Volatility Comparison
The current volatility for MassMutual Global Floating Rate Fund (BXFIX) is 0.55%, while Barings Global Short Duration High Yield Fund (BGH) has a volatility of 3.11%. This indicates that BXFIX experiences smaller price fluctuations and is considered to be less risky than BGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXFIX | BGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 3.11% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 8.49% | -6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 11.67% | -9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 13.19% | -10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 15.95% | -12.96% |
BXFIX vs. BGH - Expense Ratio Comparison
BXFIX has a 0.77% expense ratio, which is lower than BGH's 3.95% expense ratio.
Dividends
BXFIX vs. BGH - Dividend Comparison
BXFIX's dividend yield for the trailing twelve months is around 6.67%, less than BGH's 12.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 12.12% | 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
BXFIX and BGH 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 (3.11%) compared to BXFIX (0.55%). In terms of maximum drawdown, BXFIX dropped -9.12% vs BGH's -48.73%.
BXFIX currently has the higher Sharpe Ratio (0.90 vs 0.05), 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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