DLHYX vs. MSTDX
Compare and contrast key facts about MassMutual High Yield Fund (DLHYX) and MassMutual Short Duration Bond Fund (MSTDX).
DLHYX is managed by MassMutual. It was launched on Sep 5, 2000. MSTDX is managed by MassMutual. It was launched on Sep 30, 1994.
Performance
DLHYX vs. MSTDX - Performance Comparison
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DLHYX vs. MSTDX - 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% |
MSTDX MassMutual Short Duration Bond Fund | -0.18% | 6.18% | 6.38% | 5.88% | -11.19% | 1.79% | 2.29% | 4.49% | 1.68% | 2.61% |
Returns By Period
In the year-to-date period, DLHYX achieves a -1.25% return, which is significantly lower than MSTDX's -0.18% return. Over the past 10 years, DLHYX has outperformed MSTDX with an annualized return of 5.23%, while MSTDX has yielded a comparatively lower 2.04% 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%
MSTDX
- 1D
- 0.11%
- 1M
- -0.96%
- YTD
- -0.18%
- 6M
- 0.79%
- 1Y
- 4.15%
- 3Y*
- 5.56%
- 5Y*
- 1.25%
- 10Y*
- 2.04%
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DLHYX vs. MSTDX - Expense Ratio Comparison
DLHYX has a 0.74% expense ratio, which is higher than MSTDX's 0.51% expense ratio.
Return for Risk
DLHYX vs. MSTDX — Risk / Return Rank
DLHYX
MSTDX
DLHYX vs. MSTDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual High Yield Fund (DLHYX) and MassMutual Short Duration Bond Fund (MSTDX). 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 | MSTDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 2.48 | -0.69 |
Sortino ratioReturn per unit of downside risk | 2.51 | 4.45 | -1.95 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.65 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 4.45 | -2.51 |
Martin ratioReturn relative to average drawdown | 8.85 | 16.77 | -7.92 |
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 | MSTDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.48 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 1.00 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.24 | +0.03 |
Correlation
The correlation between DLHYX and MSTDX is 0.17, 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. MSTDX - Dividend Comparison
DLHYX's dividend yield for the trailing twelve months is around 6.18%, more than MSTDX's 4.09% 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% |
MSTDX MassMutual Short Duration Bond Fund | 4.09% | 4.36% | 2.63% | 2.48% | 1.46% | 1.90% | 4.44% | 3.35% | 3.82% | 2.51% | 2.36% | 2.57% |
Drawdowns
DLHYX vs. MSTDX - Drawdown Comparison
The maximum DLHYX drawdown since its inception was -27.28%, which is greater than MSTDX's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for DLHYX and MSTDX.
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Drawdown Indicators
| DLHYX | MSTDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -13.31% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -1.06% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.45% | -13.31% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -13.31% | -8.97% |
Current DrawdownCurrent decline from peak | -2.19% | -0.96% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -1.43% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.28% | +0.46% |
Volatility
DLHYX vs. MSTDX - Volatility Comparison
MassMutual High Yield Fund (DLHYX) has a higher volatility of 1.35% compared to MassMutual Short Duration Bond Fund (MSTDX) at 0.48%. This indicates that DLHYX's price experiences larger fluctuations and is considered to be riskier than MSTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHYX | MSTDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.48% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 1.21% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 1.87% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 2.29% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 2.04% | +3.44% |