MDDAX vs. MIEYX
Compare and contrast key facts about MassMutual Diversified Value Fund (MDDAX) and MM S&P 500 Index Fund (MIEYX).
MDDAX is managed by MassMutual. It was launched on Oct 15, 2004. MIEYX is a passively managed fund by MassMutual that tracks the performance of the S&P 500 Index. It was launched on Feb 27, 1998.
Performance
MDDAX vs. MIEYX - Performance Comparison
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MDDAX vs. MIEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDDAX MassMutual Diversified Value Fund | 1.32% | 16.56% | 16.62% | 8.97% | -2.70% | 28.07% | -1.14% | 32.34% | -8.88% | 15.88% |
MIEYX MM S&P 500 Index Fund | -7.16% | 17.27% | 24.36% | 25.76% | -18.63% | 28.02% | 17.87% | 30.98% | -5.26% | 18.90% |
Returns By Period
In the year-to-date period, MDDAX achieves a 1.32% return, which is significantly higher than MIEYX's -7.16% return. Over the past 10 years, MDDAX has underperformed MIEYX with an annualized return of 11.31%, while MIEYX has yielded a comparatively higher 12.71% annualized return.
MDDAX
- 1D
- 0.12%
- 1M
- -5.07%
- YTD
- 1.32%
- 6M
- 5.14%
- 1Y
- 14.16%
- 3Y*
- 14.77%
- 5Y*
- 10.48%
- 10Y*
- 11.31%
MIEYX
- 1D
- -0.38%
- 1M
- -7.69%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.91%
- 3Y*
- 16.63%
- 5Y*
- 10.82%
- 10Y*
- 12.71%
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MDDAX vs. MIEYX - Expense Ratio Comparison
MDDAX has a 1.12% expense ratio, which is higher than MIEYX's 0.46% expense ratio.
Return for Risk
MDDAX vs. MIEYX — Risk / Return Rank
MDDAX
MIEYX
MDDAX vs. MIEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Diversified Value Fund (MDDAX) and MM S&P 500 Index Fund (MIEYX). 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 | MIEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.80 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.25 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.00 | +0.27 |
Martin ratioReturn relative to average drawdown | 5.15 | 4.87 | +0.28 |
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 | MIEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.80 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.43 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.57 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
Correlation
The correlation between MDDAX and MIEYX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MDDAX vs. MIEYX - Dividend Comparison
MDDAX's dividend yield for the trailing twelve months is around 32.02%, more than MIEYX's 18.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDDAX MassMutual Diversified Value Fund | 32.02% | 32.44% | 40.33% | 4.62% | 12.85% | 12.66% | 1.64% | 11.68% | 18.94% | 37.06% | 5.94% | 1.22% |
MIEYX MM S&P 500 Index Fund | 18.99% | 17.63% | 32.89% | 7.13% | 33.24% | 13.29% | 16.29% | 6.38% | 19.14% | 21.81% | 4.19% | 2.29% |
Drawdowns
MDDAX vs. MIEYX - Drawdown Comparison
The maximum MDDAX drawdown since its inception was -63.45%, which is greater than MIEYX's maximum drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for MDDAX and MIEYX.
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Drawdown Indicators
| MDDAX | MIEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -55.63% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -12.18% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.00% | -36.63% | +12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -36.63% | -2.09% |
Current DrawdownCurrent decline from peak | -6.44% | -18.72% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -12.60% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.51% | +0.22% |
Volatility
MDDAX vs. MIEYX - Volatility Comparison
The current volatility for MassMutual Diversified Value Fund (MDDAX) is 3.18%, while MM S&P 500 Index Fund (MIEYX) has a volatility of 4.26%. This indicates that MDDAX experiences smaller price fluctuations and is considered to be less risky than MIEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDDAX | MIEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 4.26% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 9.09% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 18.14% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 25.48% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 22.54% | -3.82% |