DOXIX vs. MDVAX
Compare and contrast key facts about Dodge & Cox Income Fund Class X (DOXIX) and MassMutual Diversified Bond Fund (MDVAX).
DOXIX is an actively managed fund by Dodge & Cox. It was launched on May 2, 2022. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
DOXIX vs. MDVAX - Performance Comparison
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DOXIX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DOXIX Dodge & Cox Income Fund Class X | 0.06% | 8.39% | 2.33% | 7.75% | -2.35% |
MDVAX MassMutual Diversified Bond Fund | -0.09% | 8.40% | 2.47% | 5.81% | -6.88% |
Returns By Period
In the year-to-date period, DOXIX achieves a 0.06% return, which is significantly higher than MDVAX's -0.09% return.
DOXIX
- 1D
- 0.24%
- 1M
- -1.55%
- YTD
- 0.06%
- 6M
- 1.05%
- 1Y
- 5.00%
- 3Y*
- 5.06%
- 5Y*
- —
- 10Y*
- —
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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DOXIX vs. MDVAX - Expense Ratio Comparison
DOXIX has a 0.33% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Return for Risk
DOXIX vs. MDVAX — Risk / Return Rank
DOXIX
MDVAX
DOXIX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund Class X (DOXIX) 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.
| DOXIX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.46 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.10 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.05 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.67 | 7.79 | -2.12 |
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
| DOXIX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.46 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.69 | 0.00 |
Correlation
The correlation between DOXIX and MDVAX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DOXIX vs. MDVAX - Dividend Comparison
DOXIX's dividend yield for the trailing twelve months is around 4.35%, more than MDVAX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOXIX Dodge & Cox Income Fund Class X | 4.35% | 4.30% | 4.32% | 3.92% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
DOXIX vs. MDVAX - Drawdown Comparison
The maximum DOXIX drawdown since its inception was -8.83%, smaller than the maximum MDVAX drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for DOXIX and MDVAX.
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Drawdown Indicators
| DOXIX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -23.02% | +14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -3.00% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.02% | — |
Current DrawdownCurrent decline from peak | -2.07% | -5.91% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -3.46% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.79% | +0.20% |
Volatility
DOXIX vs. MDVAX - Volatility Comparison
Dodge & Cox Income Fund Class X (DOXIX) has a higher volatility of 1.77% compared to MassMutual Diversified Bond Fund (MDVAX) at 1.02%. This indicates that DOXIX'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
| DOXIX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.02% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.99% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 3.86% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.45% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 5.26% | +0.66% |