MDDAX vs. MDVAX
Compare and contrast key facts about MassMutual Diversified Value Fund (MDDAX) and MassMutual Diversified Bond Fund (MDVAX).
MDDAX is managed by MassMutual. It was launched on Oct 15, 2004. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
MDDAX vs. MDVAX - Performance Comparison
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MDDAX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDDAX MassMutual Diversified Value Fund | 2.88% | 16.56% | 16.62% | 8.97% | -2.70% | 28.07% | -1.14% | 32.34% | -8.88% | 15.88% |
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, MDDAX achieves a 2.88% return, which is significantly higher than MDVAX's -0.09% return. Over the past 10 years, MDDAX has outperformed MDVAX with an annualized return of 11.48%, while MDVAX has yielded a comparatively lower 2.08% annualized return.
MDDAX
- 1D
- 1.54%
- 1M
- -3.71%
- YTD
- 2.88%
- 6M
- 7.15%
- 1Y
- 16.27%
- 3Y*
- 15.36%
- 5Y*
- 10.64%
- 10Y*
- 11.48%
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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MDDAX vs. MDVAX - Expense Ratio Comparison
MDDAX has a 1.12% expense ratio, which is higher than MDVAX's 1.07% expense ratio.
Return for Risk
MDDAX vs. MDVAX — Risk / Return Rank
MDDAX
MDVAX
MDDAX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Diversified Value Fund (MDDAX) 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.
| MDDAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.46 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.10 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.05 | -0.48 |
Martin ratioReturn relative to average drawdown | 6.27 | 7.79 | -1.52 |
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
| MDDAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.46 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.01 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.40 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.69 | -0.28 |
Correlation
The correlation between MDDAX and MDVAX is -0.12. 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.
Dividends
MDDAX vs. MDVAX - Dividend Comparison
MDDAX's dividend yield for the trailing twelve months is around 31.53%, more than MDVAX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDDAX MassMutual Diversified Value Fund | 31.53% | 32.44% | 40.33% | 4.62% | 12.85% | 12.66% | 1.64% | 11.68% | 18.94% | 37.06% | 5.94% | 1.22% |
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
MDDAX vs. MDVAX - Drawdown Comparison
The maximum MDDAX drawdown since its inception was -63.45%, which is greater than MDVAX's maximum drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for MDDAX and MDVAX.
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Drawdown Indicators
| MDDAX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -23.02% | -40.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -3.00% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -23.02% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -23.02% | -15.70% |
Current DrawdownCurrent decline from peak | -4.99% | -5.91% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -3.46% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.79% | +1.96% |
Volatility
MDDAX vs. MDVAX - Volatility Comparison
MassMutual Diversified Value Fund (MDDAX) has a higher volatility of 3.64% compared to MassMutual Diversified Bond Fund (MDVAX) at 1.02%. This indicates that MDDAX'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
| MDDAX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 1.02% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 1.99% | +6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 3.86% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 6.45% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 5.26% | +13.47% |