MDVAX vs. AMFIX
MDVAX (MassMutual Diversified Bond Fund) and AMFIX (AAMA Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, MDVAX returned -0.11%/yr vs 0.74%/yr for AMFIX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MDVAX charges 1.07%/yr vs 0.92%/yr for AMFIX.
Performance
MDVAX vs. AMFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDVAX achieves a 2.33% return, which is significantly higher than AMFIX's 0.46% return.
MDVAX
- 1D
- 0.12%
- 1M
- -0.70%
- 6M
- 1.66%
- YTD
- 2.33%
- 1Y
- 5.36%
- 3Y*
- 5.74%
- 5Y*
- -0.11%
- 10Y*
- 1.99%
- ALL TIME*
- 3.12%
AMFIX
- 1D
- 0.03%
- 1M
- -0.01%
- 6M
- 0.33%
- YTD
- 0.46%
- 1Y
- 1.91%
- 3Y*
- 3.35%
- 5Y*
- 0.74%
- 10Y*
- —
- ALL TIME*
- 0.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMFIX AAMA Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MDVAX vs. AMFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDVAX MassMutual Diversified Bond Fund | 2.33% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 0.23% |
AMFIX AAMA Income Fund | 0.46% | 3.74% | 3.48% | 3.84% | -6.26% | -1.37% | 2.24% | 2.47% | 0.89% | -0.44% |
Correlation
The correlation between MDVAX and AMFIX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2017 | 0.73 |
The correlation between MDVAX and AMFIX shifts across timeframes, from 0.63 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDVAX vs. AMFIX — Risk / Return Rank
MDVAX
AMFIX
MDVAX vs. AMFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Diversified Bond Fund (MDVAX) and AAMA Income Fund (AMFIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MDVAX | AMFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.05 | -0.23 |
| Martin ratioReturn relative to average drawdown | 11.79 | 8.64 | +3.14 |
Loading charts...
Drawdowns
MDVAX vs. AMFIX - Drawdown Comparison
The maximum MDVAX drawdown since its inception was -23.02%, which is greater than AMFIX's maximum drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for MDVAX and AMFIX.
Loading charts...
Drawdown Indicators
| MDVAX | AMFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -9.35% | -13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -0.74% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -0.75% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -8.91% | -14.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | -0.24% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.99% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.26% | +0.27% |
Volatility
MDVAX vs. AMFIX - Volatility Comparison
MassMutual Diversified Bond Fund (MDVAX) has a higher volatility of 0.57% compared to AAMA Income Fund (AMFIX) at 0.37%. This indicates that MDVAX's price experiences larger fluctuations and is considered to be riskier than AMFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDVAX | AMFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.37% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 0.99% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 1.17% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 2.18% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 1.74% | +3.52% |
MDVAX vs. AMFIX - Expense Ratio Comparison
MDVAX has a 1.07% expense ratio, which is higher than AMFIX's 0.92% expense ratio.
Dividends
MDVAX vs. AMFIX - Dividend Comparison
MDVAX's dividend yield for the trailing twelve months is around 3.80%, more than AMFIX's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFIX AAMA Income Fund | 2.23% | 2.08% | 2.44% | 1.70% | 0.83% | 0.57% | 0.83% | 1.24% | 1.24% | 0.40% | 0.00% | 0.00% |
MDVAX MassMutual Diversified Bond Fund | 3.80% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
Frequently Asked Questions
MDVAX and AMFIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDVAX has higher volatility (0.57%) compared to AMFIX (0.37%). In terms of maximum drawdown, MDVAX dropped -23.02% vs AMFIX's -9.35%.
MDVAX currently has the higher Sharpe Ratio (2.08 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MDVAX and AMFIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer