DLHYX vs. MIEYX
Compare and contrast key facts about MassMutual High Yield Fund (DLHYX) and MM S&P 500 Index Fund (MIEYX).
DLHYX is managed by MassMutual. It was launched on Sep 5, 2000. MIEYX is a passively managed fund by MassMutual that tracks the performance of the S&P 500 Index. It was launched on Feb 27, 1998.
Performance
DLHYX vs. MIEYX - Performance Comparison
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DLHYX vs. MIEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHYX MassMutual High Yield Fund | -1.25% | 8.61% | 6.37% | 11.16% | -12.43% | 7.29% | 4.66% | 13.34% | -3.00% | 7.46% |
MIEYX MM S&P 500 Index Fund | -7.16% | 17.27% | 24.36% | 25.76% | -18.63% | 28.02% | 17.87% | 30.98% | -5.26% | 18.90% |
Returns By Period
In the year-to-date period, DLHYX achieves a -1.25% return, which is significantly higher than MIEYX's -7.16% return. Over the past 10 years, DLHYX has underperformed MIEYX with an annualized return of 5.23%, while MIEYX has yielded a comparatively higher 12.71% annualized return.
DLHYX
- 1D
- 0.25%
- 1M
- -2.19%
- YTD
- -1.25%
- 6M
- 0.04%
- 1Y
- 6.40%
- 3Y*
- 6.88%
- 5Y*
- 3.20%
- 10Y*
- 5.23%
MIEYX
- 1D
- -0.38%
- 1M
- -7.69%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.91%
- 3Y*
- 16.63%
- 5Y*
- 10.82%
- 10Y*
- 12.71%
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DLHYX vs. MIEYX - Expense Ratio Comparison
DLHYX has a 0.74% expense ratio, which is higher than MIEYX's 0.46% expense ratio.
Return for Risk
DLHYX vs. MIEYX — Risk / Return Rank
DLHYX
MIEYX
DLHYX vs. MIEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual High Yield Fund (DLHYX) and MM S&P 500 Index Fund (MIEYX). 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.
| DLHYX | MIEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.80 | +0.99 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.25 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.00 | +0.94 |
Martin ratioReturn relative to average drawdown | 8.85 | 4.87 | +3.98 |
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
| DLHYX | MIEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.80 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.43 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.57 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.37 | +0.91 |
Correlation
The correlation between DLHYX and MIEYX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DLHYX vs. MIEYX - Dividend Comparison
DLHYX's dividend yield for the trailing twelve months is around 6.18%, less than MIEYX's 18.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLHYX MassMutual High Yield Fund | 6.18% | 6.72% | 4.14% | 4.59% | 4.64% | 5.80% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.89% |
MIEYX MM S&P 500 Index Fund | 18.99% | 17.63% | 32.89% | 7.13% | 33.24% | 13.29% | 16.29% | 6.38% | 19.14% | 21.81% | 4.19% | 2.29% |
Drawdowns
DLHYX vs. MIEYX - Drawdown Comparison
The maximum DLHYX drawdown since its inception was -27.28%, smaller than the maximum MIEYX drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for DLHYX and MIEYX.
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Drawdown Indicators
| DLHYX | MIEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -55.63% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -12.18% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.45% | -36.63% | +20.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -36.63% | +14.35% |
Current DrawdownCurrent decline from peak | -2.19% | -18.72% | +16.53% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -12.60% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.51% | -1.77% |
Volatility
DLHYX vs. MIEYX - Volatility Comparison
The current volatility for MassMutual High Yield Fund (DLHYX) is 1.35%, while MM S&P 500 Index Fund (MIEYX) has a volatility of 4.26%. This indicates that DLHYX experiences smaller price fluctuations and is considered to be less risky than MIEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHYX | MIEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 4.26% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 9.09% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 18.14% | -14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 25.48% | -20.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 22.54% | -17.06% |