Correlation
The correlation between MCBDX and TDIV is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
MCBDX vs. TDIV
Compare and contrast key facts about MassMutual Core Bond Fund (MCBDX) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).
MCBDX is managed by MassMutual. It was launched on Sep 30, 1994. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MCBDX or TDIV.
Performance
MCBDX vs. TDIV - Performance Comparison
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Key characteristics
MCBDX:
1.31
TDIV:
0.58
MCBDX:
1.89
TDIV:
0.88
MCBDX:
1.23
TDIV:
1.12
MCBDX:
0.48
TDIV:
0.55
MCBDX:
3.88
TDIV:
1.97
MCBDX:
1.76%
TDIV:
6.47%
MCBDX:
5.25%
TDIV:
24.98%
MCBDX:
-22.01%
TDIV:
-31.97%
MCBDX:
-8.00%
TDIV:
-2.94%
Returns By Period
In the year-to-date period, MCBDX achieves a 1.90% return, which is significantly lower than TDIV's 3.85% return. Over the past 10 years, MCBDX has underperformed TDIV with an annualized return of 1.86%, while TDIV has yielded a comparatively higher 13.79% annualized return.
MCBDX
1.90%
-0.11%
0.40%
6.04%
2.06%
0.58%
1.86%
TDIV
3.85%
9.89%
2.46%
14.36%
15.34%
17.39%
13.79%
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MCBDX vs. TDIV - Expense Ratio Comparison
MCBDX has a 0.52% expense ratio, which is higher than TDIV's 0.50% expense ratio.
Risk-Adjusted Performance
MCBDX vs. TDIV — Risk-Adjusted Performance Rank
MCBDX
TDIV
MCBDX vs. TDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Core Bond Fund (MCBDX) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.
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Dividends
MCBDX vs. TDIV - Dividend Comparison
MCBDX's dividend yield for the trailing twelve months is around 4.23%, more than TDIV's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCBDX MassMutual Core Bond Fund | 4.23% | 4.50% | 4.62% | 3.83% | 3.86% | 5.98% | 3.35% | 3.32% | 2.96% | 3.29% | 4.50% | 2.97% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.64% | 1.59% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% |
Drawdowns
MCBDX vs. TDIV - Drawdown Comparison
The maximum MCBDX drawdown since its inception was -22.01%, smaller than the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for MCBDX and TDIV.
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Volatility
MCBDX vs. TDIV - Volatility Comparison
The current volatility for MassMutual Core Bond Fund (MCBDX) is 1.38%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 5.85%. This indicates that MCBDX experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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