MCBDX vs. DLHYX
Compare and contrast key facts about MassMutual Core Bond Fund (MCBDX) and MassMutual High Yield Fund (DLHYX).
MCBDX is managed by MassMutual. It was launched on Sep 30, 1994. DLHYX is managed by MassMutual. It was launched on Sep 5, 2000.
Performance
MCBDX vs. DLHYX - Performance Comparison
Loading graphics...
MCBDX vs. DLHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCBDX MassMutual Core Bond Fund | -0.81% | 8.03% | 1.13% | 6.64% | -15.29% | 38.26% | 8.42% | 9.62% | -0.48% | 4.60% |
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% |
Returns By Period
In the year-to-date period, MCBDX achieves a -0.81% return, which is significantly higher than DLHYX's -1.25% return. Both investments have delivered pretty close results over the past 10 years, with MCBDX having a 5.36% annualized return and DLHYX not far behind at 5.23%.
MCBDX
- 1D
- 0.44%
- 1M
- -2.45%
- YTD
- -0.81%
- 6M
- 0.17%
- 1Y
- 4.43%
- 3Y*
- 4.01%
- 5Y*
- 6.72%
- 10Y*
- 5.36%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MCBDX vs. DLHYX - Expense Ratio Comparison
MCBDX has a 0.52% expense ratio, which is lower than DLHYX's 0.74% expense ratio.
Return for Risk
MCBDX vs. DLHYX — Risk / Return Rank
MCBDX
DLHYX
MCBDX vs. DLHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Core Bond Fund (MCBDX) and MassMutual High Yield Fund (DLHYX). 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.
| MCBDX | DLHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.79 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.51 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.94 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.50 | 8.85 | -3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MCBDX | DLHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.79 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.65 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.96 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.27 | -0.75 |
Correlation
The correlation between MCBDX and DLHYX is 0.15, 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
MCBDX vs. DLHYX - Dividend Comparison
MCBDX's dividend yield for the trailing twelve months is around 4.14%, less than DLHYX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCBDX MassMutual Core Bond Fund | 4.14% | 4.50% | 1.93% | 4.62% | 3.83% | 31.12% | 5.98% | 3.35% | 3.32% | 2.96% | 3.29% | 1.43% |
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% |
Drawdowns
MCBDX vs. DLHYX - Drawdown Comparison
The maximum MCBDX drawdown since its inception was -22.01%, smaller than the maximum DLHYX drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for MCBDX and DLHYX.
Loading graphics...
Drawdown Indicators
| MCBDX | DLHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -27.28% | +5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -3.35% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -16.45% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.01% | -22.28% | +0.27% |
Current DrawdownCurrent decline from peak | -5.73% | -2.19% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.45% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.74% | +0.24% |
Volatility
MCBDX vs. DLHYX - Volatility Comparison
MassMutual Core Bond Fund (MCBDX) has a higher volatility of 1.50% compared to MassMutual High Yield Fund (DLHYX) at 1.35%. This indicates that MCBDX's price experiences larger fluctuations and is considered to be riskier than DLHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MCBDX | DLHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.35% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.37% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.88% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.09% | 4.92% | +15.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 5.48% | +8.96% |