MDVAX vs. HOBIX
Compare and contrast key facts about MassMutual Diversified Bond Fund (MDVAX) and Holbrook Income Fund Class I (HOBIX).
MDVAX is managed by MassMutual. It was launched on May 3, 1999. HOBIX is an actively managed fund by Holbrook Holdings. It was launched on Jul 6, 2016.
Performance
MDVAX vs. HOBIX - Performance Comparison
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MDVAX vs. HOBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDVAX MassMutual Diversified Bond Fund | -0.45% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 4.52% |
HOBIX Holbrook Income Fund Class I | 0.82% | 7.67% | 7.66% | 5.65% | -2.91% | 6.13% | 7.45% | 7.70% | 1.74% | 2.75% |
Returns By Period
In the year-to-date period, MDVAX achieves a -0.45% return, which is significantly lower than HOBIX's 0.82% return.
MDVAX
- 1D
- 0.12%
- 1M
- -2.10%
- YTD
- -0.45%
- 6M
- 0.52%
- 1Y
- 5.17%
- 3Y*
- 4.60%
- 5Y*
- 0.09%
- 10Y*
- 2.05%
HOBIX
- 1D
- 0.10%
- 1M
- -0.20%
- YTD
- 0.82%
- 6M
- 2.12%
- 1Y
- 6.18%
- 3Y*
- 7.01%
- 5Y*
- 4.22%
- 10Y*
- —
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MDVAX vs. HOBIX - Expense Ratio Comparison
MDVAX has a 1.07% expense ratio, which is higher than HOBIX's 1.05% expense ratio.
Return for Risk
MDVAX vs. HOBIX — Risk / Return Rank
MDVAX
HOBIX
MDVAX vs. HOBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Diversified Bond Fund (MDVAX) and Holbrook Income Fund Class I (HOBIX). 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 | HOBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 3.23 | -1.72 |
Sortino ratioReturn per unit of downside risk | 2.19 | 9.39 | -7.21 |
Omega ratioGain probability vs. loss probability | 1.29 | 3.88 | -2.60 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 8.29 | -6.24 |
Martin ratioReturn relative to average drawdown | 7.87 | 30.92 | -23.04 |
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 | HOBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 3.23 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.61 | -1.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.83 | -0.14 |
Correlation
The correlation between MDVAX and HOBIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MDVAX vs. HOBIX - Dividend Comparison
MDVAX's dividend yield for the trailing twelve months is around 3.60%, less than HOBIX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDVAX MassMutual Diversified Bond Fund | 3.60% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
HOBIX Holbrook Income Fund Class I | 5.99% | 6.45% | 7.04% | 6.35% | 5.31% | 3.97% | 6.30% | 3.51% | 4.32% | 2.12% | 0.00% | 0.00% |
Drawdowns
MDVAX vs. HOBIX - Drawdown Comparison
The maximum MDVAX drawdown since its inception was -23.02%, roughly equal to the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for MDVAX and HOBIX.
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Drawdown Indicators
| MDVAX | HOBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -23.52% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -0.72% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -4.16% | -18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | — | — |
Current DrawdownCurrent decline from peak | -6.24% | -0.20% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -0.99% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.22% | +0.56% |
Volatility
MDVAX vs. HOBIX - Volatility Comparison
MassMutual Diversified Bond Fund (MDVAX) has a higher volatility of 0.93% compared to Holbrook Income Fund Class I (HOBIX) at 0.25%. This indicates that MDVAX's price experiences larger fluctuations and is considered to be riskier than HOBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDVAX | HOBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.25% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 1.57% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 2.09% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 2.64% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.78% | -0.52% |