DLBMX vs. MDDAX
DLBMX (MassMutual Small Cap Opportunities Fund) and MDDAX (MassMutual Diversified Value Fund) are both mutual funds - DLBMX is a Small Cap Blend Equities fund managed by MassMutual, while MDDAX is a Large Cap Value Equities fund managed by MassMutual. Over the past 10 years, DLBMX returned 14.36%/yr vs 12.35%/yr for MDDAX. Their correlation of 0.86 means they have usually moved in the same direction. DLBMX charges 1.20%/yr vs 1.12%/yr for MDDAX.
Performance
DLBMX vs. MDDAX - Performance Comparison
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Returns By Period
In the year-to-date period, DLBMX achieves a 17.09% return, which is significantly higher than MDDAX's 16.23% return. Over the past 10 years, DLBMX has outperformed MDDAX with an annualized return of 14.36%, while MDDAX has yielded a comparatively lower 12.35% annualized return.
DLBMX
- 1D
- -0.67%
- 1M
- -0.52%
- 6M
- 12.24%
- YTD
- 17.09%
- 1Y
- 27.15%
- 3Y*
- 13.46%
- 5Y*
- 14.68%
- 10Y*
- 14.36%
- ALL TIME*
- 10.46%
MDDAX
- 1D
- 0.00%
- 1M
- 2.22%
- 6M
- 12.18%
- YTD
- 16.23%
- 1Y
- 28.61%
- 3Y*
- 17.66%
- 5Y*
- 12.36%
- 10Y*
- 12.35%
- ALL TIME*
- 8.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DLBMX vs. MDDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLBMX MassMutual Small Cap Opportunities Fund | 17.09% | 8.07% | 12.30% | 17.43% | -16.19% | 64.90% | 19.75% | 25.54% | -11.14% | 13.90% |
MDDAX MassMutual Diversified Value Fund | 16.23% | 16.56% | 16.62% | 8.97% | -2.70% | 28.07% | -1.14% | 32.34% | -8.88% | 15.88% |
Correlation
The correlation between DLBMX and MDDAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2004 | 0.86 |
The correlation between DLBMX and MDDAX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
DLBMX vs. MDDAX — Risk / Return Rank
DLBMX
MDDAX
DLBMX vs. MDDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Opportunities Fund (DLBMX) and MassMutual Diversified Value Fund (MDDAX). 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.
| DLBMX | MDDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.80 | -1.88 |
| Martin ratioReturn relative to average drawdown | 7.57 | 13.78 | -6.21 |
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Drawdowns
DLBMX vs. MDDAX - Drawdown Comparison
The maximum DLBMX drawdown since its inception was -65.12%, roughly equal to the maximum MDDAX drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for DLBMX and MDDAX.
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Drawdown Indicators
| DLBMX | MDDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.12% | -63.45% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -6.99% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -14.14% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -24.00% | -5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -42.55% | -38.72% | -3.83% |
Current DrawdownCurrent decline from peak | -1.89% | -1.12% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -11.09% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.93% | +1.24% |
Volatility
DLBMX vs. MDDAX - Volatility Comparison
MassMutual Small Cap Opportunities Fund (DLBMX) has a higher volatility of 3.66% compared to MassMutual Diversified Value Fund (MDDAX) at 3.08%. This indicates that DLBMX's price experiences larger fluctuations and is considered to be riskier than MDDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLBMX | MDDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.08% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.09% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 10.95% | +6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 16.86% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.15% | 18.65% | +9.50% |
DLBMX vs. MDDAX - Expense Ratio Comparison
DLBMX has a 1.20% expense ratio, which is higher than MDDAX's 1.12% expense ratio.
Dividends
DLBMX vs. MDDAX - Dividend Comparison
DLBMX's dividend yield for the trailing twelve months is around 8.64%, less than MDDAX's 27.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLBMX MassMutual Small Cap Opportunities Fund | 8.64% | 10.11% | 9.33% | 4.73% | 0.88% | 35.42% | 7.82% | 0.46% | 11.94% | 13.55% | 3.14% | 11.15% |
MDDAX MassMutual Diversified Value Fund | 27.91% | 32.44% | 40.33% | 4.62% | 12.85% | 12.66% | 1.64% | 11.68% | 18.94% | 37.06% | 5.94% | 1.22% |
Frequently Asked Questions
DLBMX and MDDAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLBMX has higher volatility (3.66%) compared to MDDAX (3.08%). In terms of maximum drawdown, DLBMX dropped -65.12% vs MDDAX's -63.45%.
MDDAX currently has the higher Sharpe Ratio (2.43 vs 1.36), 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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