MDVAX vs. HLIPX
Compare and contrast key facts about MassMutual Diversified Bond Fund (MDVAX) and JPMorgan Core Plus Bond Fund (HLIPX).
MDVAX is managed by MassMutual. It was launched on May 3, 1999. HLIPX is managed by JPMorgan. It was launched on Mar 5, 1993.
Performance
MDVAX vs. HLIPX - Performance Comparison
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MDVAX vs. HLIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HLIPX JPMorgan Core Plus Bond Fund | -0.17% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
Returns By Period
In the year-to-date period, MDVAX achieves a -0.09% return, which is significantly higher than HLIPX's -0.17% return. Over the past 10 years, MDVAX has underperformed HLIPX with an annualized return of 2.08%, while HLIPX has yielded a comparatively higher 2.42% annualized return.
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%
HLIPX
- 1D
- 0.14%
- 1M
- -1.90%
- YTD
- -0.17%
- 6M
- 0.78%
- 1Y
- 4.49%
- 3Y*
- 4.39%
- 5Y*
- 0.90%
- 10Y*
- 2.42%
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MDVAX vs. HLIPX - Expense Ratio Comparison
MDVAX has a 1.07% expense ratio, which is higher than HLIPX's 0.46% expense ratio.
Return for Risk
MDVAX vs. HLIPX — Risk / Return Rank
MDVAX
HLIPX
MDVAX vs. HLIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Diversified Bond Fund (MDVAX) and JPMorgan Core Plus Bond Fund (HLIPX). 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.
| MDVAX | HLIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.12 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.61 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.66 | +0.39 |
Martin ratioReturn relative to average drawdown | 7.79 | 5.61 | +2.17 |
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
| MDVAX | HLIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.12 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.16 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.52 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.10 | -0.41 |
Correlation
The correlation between MDVAX and HLIPX is 0.87, 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
MDVAX vs. HLIPX - Dividend Comparison
MDVAX's dividend yield for the trailing twelve months is around 3.59%, less than HLIPX's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HLIPX JPMorgan Core Plus Bond Fund | 4.55% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
Drawdowns
MDVAX vs. HLIPX - Drawdown Comparison
The maximum MDVAX drawdown since its inception was -23.02%, which is greater than HLIPX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for MDVAX and HLIPX.
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Drawdown Indicators
| MDVAX | HLIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -16.91% | -6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.97% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -16.91% | -6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -16.91% | -6.11% |
Current DrawdownCurrent decline from peak | -5.91% | -2.29% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -1.94% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.88% | -0.09% |
Volatility
MDVAX vs. HLIPX - Volatility Comparison
The current volatility for MassMutual Diversified Bond Fund (MDVAX) is 1.02%, while JPMorgan Core Plus Bond Fund (HLIPX) has a volatility of 1.74%. This indicates that MDVAX experiences smaller price fluctuations and is considered to be less risky than HLIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDVAX | HLIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.74% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 2.62% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.30% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 5.66% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.62% | +0.64% |