ETIRX vs. MCBDX

Last updated Jun 26, 2026

ETIRX (Eventide Core Bond Fund) and MCBDX (MassMutual Core Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, ETIRX returned -0.17%/yr vs 6.70%/yr for MCBDX. Their correlation of 0.93 suggests significant overlap in exposure. ETIRX charges 0.58%/yr vs 0.52%/yr for MCBDX.

Performance

ETIRX vs. MCBDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Core Bond Fund (ETIRX) and MassMutual Core Bond Fund (MCBDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIRX achieves a 0.94% return, which is significantly lower than MCBDX's 1.18% return.

ETIRX

• 1D: 0.48%
• 1M: 0.85%
• YTD: 0.94%
• 6M: 0.91%
• 1Y: 4.98%
• 3Y*: 3.92%
• 5Y*: -0.17%
• 10Y*: —

MCBDX

• 1D: 0.43%
• 1M: 0.89%
• YTD: 1.18%
• 6M: 1.47%
• 1Y: 5.82%
• 3Y*: 4.90%
• 5Y*: 6.70%
• 10Y*: 5.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETIRX vs. MCBDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ETIRX Eventide Core Bond Fund	0.94%	7.49%	0.40%	5.03%	-13.24%	-2.49%	-0.29%
MCBDX MassMutual Core Bond Fund	1.18%	8.03%	1.13%	6.64%	-15.29%	38.26%	2.74%

Correlation

The correlation between ETIRX and MCBDX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020	0.93

The correlation between ETIRX and MCBDX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

ETIRX vs. MCBDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETIRX

ETIRX Risk / Return Rank: 31
ETIRX Sharpe Ratio Rank: 31
ETIRX Sortino Ratio Rank: 33
ETIRX Omega Ratio Rank: 32
ETIRX Calmar Ratio Rank: 30
ETIRX Martin Ratio Rank: 27

MCBDX

MCBDX Risk / Return Rank: 40
MCBDX Sharpe Ratio Rank: 40
MCBDX Sortino Ratio Rank: 46
MCBDX Omega Ratio Rank: 39
MCBDX Calmar Ratio Rank: 39
MCBDX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETIRX vs. MCBDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Core Bond Fund (ETIRX) and MassMutual Core Bond Fund (MCBDX). 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.

	ETIRX	MCBDX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.53	-0.19
Sortino ratio: Return per unit of downside risk	1.98	2.33	-0.35
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.74	2.04	-0.30
Martin ratio: Return relative to average drawdown	5.28	6.62	-1.34

ETIRX vs. MCBDX - Sharpe Ratio Comparison

The current ETIRX Sharpe Ratio is 1.34, which is comparable to the MCBDX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of ETIRX and MCBDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETIRX vs. MCBDX - Drawdown Comparison

The maximum ETIRX drawdown since its inception was -19.29%, smaller than the maximum MCBDX drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for ETIRX and MCBDX.

Drawdown Indicators

	ETIRX	MCBDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.29%	-22.01%	+2.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.87%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-6.53%	-5.34%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	-22.01%	+3.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.01%	—
Current Drawdown Current decline from peak	-3.49%	-3.84%	+0.35%
Average Drawdown Average peak-to-trough decline	-8.53%	-3.53%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.88%	+0.07%

Volatility

ETIRX vs. MCBDX - Volatility Comparison

Eventide Core Bond Fund (ETIRX) and MassMutual Core Bond Fund (MCBDX) have volatilities of 1.16% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIRX	MCBDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	1.13%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.86%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	3.84%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	20.11%	-14.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	14.45%	-9.23%

ETIRX vs. MCBDX - Expense Ratio Comparison

ETIRX has a 0.58% expense ratio, which is higher than MCBDX's 0.52% expense ratio.

Dividends

ETIRX vs. MCBDX - Dividend Comparison

ETIRX's dividend yield for the trailing twelve months is around 4.12%, less than MCBDX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETIRX Eventide Core Bond Fund	4.12%	4.16%	2.78%	2.79%	2.32%	1.39%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%
MCBDX MassMutual Core Bond Fund	4.46%	4.50%	1.93%	4.62%	3.83%	31.12%	5.98%	3.35%	3.32%	2.96%	3.29%	1.43%

Frequently Asked Questions

Can I hold both ETIRX and MCBDX in my portfolio?

ETIRX and MCBDX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETIRX or MCBDX?

ETIRX has higher volatility (1.16%) compared to MCBDX (1.13%). In terms of maximum drawdown, ETIRX dropped -19.29% vs MCBDX's -22.01%.

Which has better risk-adjusted returns?

MCBDX currently has the higher Sharpe Ratio (1.53 vs 1.34), 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.