MGFAX vs. MDVAX
Compare and contrast key facts about MassMutual Global Fund (MGFAX) and MassMutual Diversified Bond Fund (MDVAX).
MGFAX is managed by MassMutual. It was launched on Dec 30, 2004. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
MGFAX vs. MDVAX - Performance Comparison
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MGFAX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | -13.50% | 14.37% | 15.01% | 33.87% | -32.08% | 19.60% | 27.18% | 30.67% | -14.19% | 35.30% |
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% |
Returns By Period
In the year-to-date period, MGFAX achieves a -13.50% return, which is significantly lower than MDVAX's -0.45% return. Over the past 10 years, MGFAX has outperformed MDVAX with an annualized return of 9.83%, while MDVAX has yielded a comparatively lower 2.05% annualized return.
MGFAX
- 1D
- -0.48%
- 1M
- -10.80%
- YTD
- -13.50%
- 6M
- -10.60%
- 1Y
- 4.81%
- 3Y*
- 10.23%
- 5Y*
- 4.17%
- 10Y*
- 9.83%
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%
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MGFAX vs. MDVAX - Expense Ratio Comparison
MGFAX has a 1.41% expense ratio, which is higher than MDVAX's 1.07% expense ratio.
Return for Risk
MGFAX vs. MDVAX — Risk / Return Rank
MGFAX
MDVAX
MGFAX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) 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.
| MGFAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 1.51 | -1.27 |
Sortino ratioReturn per unit of downside risk | 0.47 | 2.19 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.05 | -1.92 |
Martin ratioReturn relative to average drawdown | 0.49 | 7.87 | -7.39 |
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
| MGFAX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 1.51 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.01 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.39 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.69 | -0.41 |
Correlation
The correlation between MGFAX and MDVAX is -0.05. 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
MGFAX vs. MDVAX - Dividend Comparison
MGFAX's dividend yield for the trailing twelve months is around 50.47%, more than MDVAX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | 50.47% | 43.66% | 16.85% | 30.43% | 28.11% | 15.89% | 5.05% | 0.36% | 27.78% | 12.10% | 3.75% | 8.25% |
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% |
Drawdowns
MGFAX vs. MDVAX - Drawdown Comparison
The maximum MGFAX drawdown since its inception was -62.06%, which is greater than MDVAX's maximum drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for MGFAX and MDVAX.
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Drawdown Indicators
| MGFAX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -23.02% | -39.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -3.00% | -13.38% |
Max Drawdown (5Y)Largest decline over 5 years | -46.09% | -23.02% | -23.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -23.02% | -23.07% |
Current DrawdownCurrent decline from peak | -16.38% | -6.24% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -3.46% | -10.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 0.78% | +3.49% |
Volatility
MGFAX vs. MDVAX - Volatility Comparison
MassMutual Global Fund (MGFAX) has a higher volatility of 5.70% compared to MassMutual Diversified Bond Fund (MDVAX) at 0.93%. This indicates that MGFAX'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
| MGFAX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 0.93% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 2.05% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 3.86% | +15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.39% | 6.45% | +26.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.51% | 5.26% | +22.25% |