DLBMX vs. MDVAX
Compare and contrast key facts about MassMutual Small Cap Opportunities Fund (DLBMX) and MassMutual Diversified Bond Fund (MDVAX).
DLBMX is managed by MassMutual. It was launched on Jul 17, 1998. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
DLBMX vs. MDVAX - Performance Comparison
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DLBMX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLBMX MassMutual Small Cap Opportunities Fund | -1.03% | 8.07% | 12.30% | 17.43% | -16.19% | 64.90% | 19.75% | 25.54% | -11.14% | 13.90% |
MDVAX MassMutual Diversified Bond Fund | -0.09% | 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, DLBMX achieves a -1.03% return, which is significantly lower than MDVAX's -0.09% return. Over the past 10 years, DLBMX has outperformed MDVAX with an annualized return of 13.32%, while MDVAX has yielded a comparatively lower 2.08% annualized return.
DLBMX
- 1D
- 3.43%
- 1M
- -8.29%
- YTD
- -1.03%
- 6M
- 1.42%
- 1Y
- 13.26%
- 3Y*
- 10.86%
- 5Y*
- 11.28%
- 10Y*
- 13.32%
MDVAX
- 1D
- 0.36%
- 1M
- -1.52%
- YTD
- -0.09%
- 6M
- 0.64%
- 1Y
- 5.04%
- 3Y*
- 4.73%
- 5Y*
- 0.08%
- 10Y*
- 2.08%
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DLBMX vs. MDVAX - Expense Ratio Comparison
DLBMX has a 1.20% expense ratio, which is higher than MDVAX's 1.07% expense ratio.
Return for Risk
DLBMX vs. MDVAX — Risk / Return Rank
DLBMX
MDVAX
DLBMX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Opportunities Fund (DLBMX) 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.
| DLBMX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.46 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.02 | 2.10 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.05 | -1.13 |
Martin ratioReturn relative to average drawdown | 3.58 | 7.79 | -4.21 |
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
| DLBMX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.46 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.01 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.40 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.69 | -0.28 |
Correlation
The correlation between DLBMX and MDVAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DLBMX vs. MDVAX - Dividend Comparison
DLBMX's dividend yield for the trailing twelve months is around 10.22%, more than MDVAX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLBMX MassMutual Small Cap Opportunities Fund | 10.22% | 10.11% | 9.33% | 4.73% | 0.88% | 35.42% | 7.82% | 0.46% | 11.94% | 13.55% | 3.14% | 11.15% |
MDVAX MassMutual Diversified Bond Fund | 3.59% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
Drawdowns
DLBMX vs. MDVAX - Drawdown Comparison
The maximum DLBMX drawdown since its inception was -65.12%, which is greater than MDVAX's maximum drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for DLBMX and MDVAX.
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Drawdown Indicators
| DLBMX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.12% | -23.02% | -42.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -3.00% | -11.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -23.02% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.55% | -23.02% | -19.53% |
Current DrawdownCurrent decline from peak | -9.41% | -5.91% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -3.46% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 0.79% | +2.98% |
Volatility
DLBMX vs. MDVAX - Volatility Comparison
MassMutual Small Cap Opportunities Fund (DLBMX) has a higher volatility of 7.43% compared to MassMutual Diversified Bond Fund (MDVAX) at 1.02%. This indicates that DLBMX'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
| DLBMX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 1.02% | +6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 1.99% | +10.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 3.86% | +18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 6.45% | +25.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.14% | 5.26% | +22.88% |