DLHYX vs. SHOYX
DLHYX (MassMutual High Yield Fund) and SHOYX (American Beacon SiM High Yield Opportunities Fund Class Y) are both High Yield Bonds funds. Over the past 10 years, DLHYX returned 5.11%/yr vs 6.34%/yr for SHOYX. A 0.75 correlation means they provide meaningful diversification when combined. DLHYX charges 0.74%/yr vs 0.75%/yr for SHOYX.
Performance
DLHYX vs. SHOYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DLHYX having a 2.01% return and SHOYX slightly lower at 1.95%. Over the past 10 years, DLHYX has underperformed SHOYX with an annualized return of 5.11%, while SHOYX has yielded a comparatively higher 6.34% annualized return.
DLHYX
- 1D
- -0.12%
- 1M
- 0.89%
- YTD
- 2.01%
- 6M
- 2.74%
- 1Y
- 7.28%
- 3Y*
- 7.89%
- 5Y*
- 3.28%
- 10Y*
- 5.11%
SHOYX
- 1D
- -0.11%
- 1M
- 0.28%
- YTD
- 1.95%
- 6M
- 2.66%
- 1Y
- 9.30%
- 3Y*
- 9.32%
- 5Y*
- 4.73%
- 10Y*
- 6.34%
DLHYX vs. SHOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHYX MassMutual High Yield Fund | 2.01% | 8.61% | 6.37% | 11.16% | -12.43% | 7.29% | 4.66% | 13.34% | -3.00% | 7.46% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 1.95% | 9.52% | 8.69% | 11.30% | -8.20% | 8.82% | 6.49% | 12.34% | -1.20% | 7.32% |
Correlation
The correlation between DLHYX and SHOYX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.75 |
The correlation between DLHYX and SHOYX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
DLHYX vs. SHOYX — Risk / Return Rank
DLHYX
SHOYX
DLHYX vs. SHOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual High Yield Fund (DLHYX) and American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX). 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.
| DLHYX | SHOYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.82 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 4.68 | -1.62 |
| Martin ratioReturn relative to average drawdown | 15.22 | 23.46 | -8.24 |
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Drawdowns
DLHYX vs. SHOYX - Drawdown Comparison
The maximum DLHYX drawdown since its inception was -27.28%, which is greater than SHOYX's maximum drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for DLHYX and SHOYX.
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Drawdown Indicators
| DLHYX | SHOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -24.66% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -2.00% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -3.67% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.45% | -12.31% | -4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -24.66% | +2.38% |
Current DrawdownCurrent decline from peak | -0.37% | -0.42% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.88% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.40% | +0.09% |
Volatility
DLHYX vs. SHOYX - Volatility Comparison
MassMutual High Yield Fund (DLHYX) has a higher volatility of 1.00% compared to American Beacon SiM High Yield Opportunities Fund Class Y (SHOYX) at 0.83%. This indicates that DLHYX's price experiences larger fluctuations and is considered to be riskier than SHOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHYX | SHOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.83% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.14% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 2.88% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 4.33% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 5.11% | +0.39% |
DLHYX vs. SHOYX - Expense Ratio Comparison
DLHYX has a 0.74% expense ratio, which is lower than SHOYX's 0.75% expense ratio.
Dividends
DLHYX vs. SHOYX - Dividend Comparison
DLHYX's dividend yield for the trailing twelve months is around 6.66%, more than SHOYX's 6.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLHYX MassMutual High Yield Fund | 6.66% | 6.72% | 4.14% | 4.59% | 4.64% | 5.80% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.89% |
SHOYX American Beacon SiM High Yield Opportunities Fund Class Y | 6.30% | 6.97% | 5.67% | 5.62% | 4.38% | 5.43% | 6.30% | 6.17% | 6.36% | 5.79% | 6.63% | 5.19% |
Frequently Asked Questions
DLHYX and SHOYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLHYX has higher volatility (1.00%) compared to SHOYX (0.83%). In terms of maximum drawdown, DLHYX dropped -27.28% vs SHOYX's -24.66%.
SHOYX currently has the higher Sharpe Ratio (3.25 vs 2.13), 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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