CSIBX vs. MDVAX
Compare and contrast key facts about Calvert Bond Fund (CSIBX) and MassMutual Diversified Bond Fund (MDVAX).
CSIBX is managed by Calvert Research and Management. It was launched on Aug 24, 1987. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
CSIBX vs. MDVAX - Performance Comparison
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CSIBX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIBX Calvert Bond Fund | -0.88% | 7.93% | 2.45% | 6.55% | -12.85% | 0.11% | 7.39% | 8.44% | -0.16% | 4.19% |
MDVAX MassMutual Diversified Bond Fund | -0.45% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 4.52% |
Returns By Period
In the year-to-date period, CSIBX achieves a -0.88% return, which is significantly lower than MDVAX's -0.45% return. Over the past 10 years, CSIBX has outperformed MDVAX with an annualized return of 2.25%, while MDVAX has yielded a comparatively lower 2.05% annualized return.
CSIBX
- 1D
- 0.48%
- 1M
- -2.61%
- YTD
- -0.88%
- 6M
- 0.26%
- 1Y
- 4.14%
- 3Y*
- 4.10%
- 5Y*
- 0.72%
- 10Y*
- 2.25%
MDVAX
- 1D
- 0.12%
- 1M
- -2.10%
- YTD
- -0.45%
- 6M
- 0.52%
- 1Y
- 5.17%
- 3Y*
- 4.60%
- 5Y*
- 0.09%
- 10Y*
- 2.05%
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CSIBX vs. MDVAX - Expense Ratio Comparison
CSIBX has a 0.73% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Return for Risk
CSIBX vs. MDVAX — Risk / Return Rank
CSIBX
MDVAX
CSIBX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Bond Fund (CSIBX) and MassMutual Diversified Bond Fund (MDVAX). 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.
| CSIBX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.51 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.19 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.05 | -0.39 |
Martin ratioReturn relative to average drawdown | 5.72 | 7.87 | -2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSIBX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.51 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.01 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.39 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.69 | +0.35 |
Correlation
The correlation between CSIBX and MDVAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CSIBX vs. MDVAX - Dividend Comparison
CSIBX's dividend yield for the trailing twelve months is around 4.03%, more than MDVAX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIBX Calvert Bond Fund | 4.03% | 4.35% | 4.18% | 3.28% | 2.34% | 3.12% | 3.39% | 3.43% | 2.49% | 2.22% | 2.58% | 2.45% |
MDVAX MassMutual Diversified Bond Fund | 3.60% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
Drawdowns
CSIBX vs. MDVAX - Drawdown Comparison
The maximum CSIBX drawdown since its inception was -17.57%, smaller than the maximum MDVAX drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for CSIBX and MDVAX.
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Drawdown Indicators
| CSIBX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -23.02% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.00% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -23.02% | +5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | -23.02% | +5.45% |
Current DrawdownCurrent decline from peak | -2.61% | -6.24% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -3.46% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.78% | +0.11% |
Volatility
CSIBX vs. MDVAX - Volatility Comparison
Calvert Bond Fund (CSIBX) has a higher volatility of 1.66% compared to MassMutual Diversified Bond Fund (MDVAX) at 0.93%. This indicates that CSIBX's price experiences larger fluctuations and is considered to be riskier than MDVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIBX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 0.93% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 2.05% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.86% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 6.45% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 5.26% | -0.74% |