FRIAX vs. MDVAX
Compare and contrast key facts about Franklin Income Fund Advisor Class (FRIAX) and MassMutual Diversified Bond Fund (MDVAX).
FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
FRIAX vs. MDVAX - Performance Comparison
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FRIAX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 3.03% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
MDVAX MassMutual Diversified Bond Fund | -0.09% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 4.52% |
Returns By Period
In the year-to-date period, FRIAX achieves a 3.03% return, which is significantly higher than MDVAX's -0.09% return. Over the past 10 years, FRIAX has outperformed MDVAX with an annualized return of 7.81%, while MDVAX has yielded a comparatively lower 2.08% annualized return.
FRIAX
- 1D
- 0.80%
- 1M
- -1.57%
- YTD
- 3.03%
- 6M
- 5.15%
- 1Y
- 12.76%
- 3Y*
- 9.45%
- 5Y*
- 6.79%
- 10Y*
- 7.81%
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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FRIAX vs. MDVAX - Expense Ratio Comparison
FRIAX has a 0.46% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Return for Risk
FRIAX vs. MDVAX — Risk / Return Rank
FRIAX
MDVAX
FRIAX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Advisor Class (FRIAX) 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.
| FRIAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.46 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.10 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.05 | +0.03 |
Martin ratioReturn relative to average drawdown | 10.22 | 7.79 | +2.43 |
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
| FRIAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.46 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.01 | +0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.40 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.69 | +0.10 |
Correlation
The correlation between FRIAX and MDVAX is 0.04, 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
FRIAX vs. MDVAX - Dividend Comparison
FRIAX's dividend yield for the trailing twelve months is around 5.26%, more than MDVAX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 5.26% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
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
FRIAX vs. MDVAX - Drawdown Comparison
The maximum FRIAX drawdown since its inception was -43.23%, which is greater than MDVAX's maximum drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for FRIAX and MDVAX.
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Drawdown Indicators
| FRIAX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -23.02% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -3.00% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -23.02% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | -23.02% | -1.08% |
Current DrawdownCurrent decline from peak | -1.89% | -5.91% | +4.02% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -3.46% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.79% | +0.51% |
Volatility
FRIAX vs. MDVAX - Volatility Comparison
Franklin Income Fund Advisor Class (FRIAX) has a higher volatility of 2.29% compared to MassMutual Diversified Bond Fund (MDVAX) at 1.02%. This indicates that FRIAX'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
| FRIAX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 1.02% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 1.99% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.57% | 3.86% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 6.45% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 5.26% | +4.08% |