DLHYX vs. FDFIX
Compare and contrast key facts about MassMutual High Yield Fund (DLHYX) and Fidelity Flex 500 Index Fund (FDFIX).
DLHYX is managed by MassMutual. It was launched on Sep 5, 2000. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DLHYX or FDFIX.
Key characteristics
| DLHYX | FDFIX | |
|---|---|---|
| YTD Return | 1.42% | 11.80% |
| 1Y Return | 11.13% | 28.26% |
| 3Y Return (Ann) | 1.86% | 10.42% |
| 5Y Return (Ann) | 3.69% | 15.07% |
| Sharpe Ratio | 2.39 | 2.55 |
| Daily Std Dev | 4.60% | 11.57% |
| Max Drawdown | -27.73% | -33.77% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between DLHYX and FDFIX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DLHYX vs. FDFIX - Performance Comparison
In the year-to-date period, DLHYX achieves a 1.42% return, which is significantly lower than FDFIX's 11.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DLHYX vs. FDFIX - Expense Ratio Comparison
DLHYX has a 0.74% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
DLHYX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual High Yield Fund (DLHYX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
Dividends
DLHYX vs. FDFIX - Dividend Comparison
DLHYX's dividend yield for the trailing twelve months is around 5.34%, more than FDFIX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLHYX MassMutual High Yield Fund | 5.34% | 6.16% | 6.14% | 5.80% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.89% | 10.10% | 8.46% |
FDFIX Fidelity Flex 500 Index Fund | 1.33% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DLHYX vs. FDFIX - Drawdown Comparison
The maximum DLHYX drawdown since its inception was -27.73%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for DLHYX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
DLHYX vs. FDFIX - Volatility Comparison
The current volatility for MassMutual High Yield Fund (DLHYX) is 0.84%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.38%. This indicates that DLHYX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.