MIEYX vs. DLHYX
Compare and contrast key facts about MM S&P 500 Index Fund (MIEYX) and MassMutual High Yield Fund (DLHYX).
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. DLHYX is managed by MassMutual. It was launched on Sep 5, 2000.
Performance
MIEYX vs. DLHYX - Performance Comparison
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MIEYX vs. DLHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DLHYX MassMutual High Yield Fund | -1.25% | 8.61% | 6.37% | 11.16% | -12.43% | 7.29% | 4.66% | 13.34% | -3.00% | 7.46% |
Returns By Period
In the year-to-date period, MIEYX achieves a -7.16% return, which is significantly lower than DLHYX's -1.25% return. Over the past 10 years, MIEYX has outperformed DLHYX with an annualized return of 12.71%, while DLHYX has yielded a comparatively lower 5.23% annualized return.
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%
DLHYX
- 1D
- 0.25%
- 1M
- -2.19%
- YTD
- -1.25%
- 6M
- 0.04%
- 1Y
- 6.40%
- 3Y*
- 6.88%
- 5Y*
- 3.20%
- 10Y*
- 5.23%
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MIEYX vs. DLHYX - Expense Ratio Comparison
MIEYX has a 0.46% expense ratio, which is lower than DLHYX's 0.74% expense ratio.
Return for Risk
MIEYX vs. DLHYX — Risk / Return Rank
MIEYX
DLHYX
MIEYX vs. DLHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MM S&P 500 Index Fund (MIEYX) and MassMutual High Yield Fund (DLHYX). 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.
| MIEYX | DLHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.79 | -0.99 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.51 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.94 | -0.94 |
Martin ratioReturn relative to average drawdown | 4.87 | 8.85 | -3.98 |
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
| MIEYX | DLHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.79 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.65 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.96 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.27 | -0.91 |
Correlation
The correlation between MIEYX and DLHYX is 0.35, 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
MIEYX vs. DLHYX - Dividend Comparison
MIEYX's dividend yield for the trailing twelve months is around 18.99%, more than DLHYX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DLHYX MassMutual High Yield Fund | 6.18% | 6.72% | 4.14% | 4.59% | 4.64% | 5.80% | 5.20% | 6.14% | 6.02% | 6.40% | 6.14% | 6.89% |
Drawdowns
MIEYX vs. DLHYX - Drawdown Comparison
The maximum MIEYX drawdown since its inception was -55.63%, which is greater than DLHYX's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for MIEYX and DLHYX.
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Drawdown Indicators
| MIEYX | DLHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.63% | -27.28% | -28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -3.35% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -16.45% | -20.18% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -22.28% | -14.35% |
Current DrawdownCurrent decline from peak | -18.72% | -2.19% | -16.53% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -3.45% | -9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.74% | +1.77% |
Volatility
MIEYX vs. DLHYX - Volatility Comparison
MM S&P 500 Index Fund (MIEYX) has a higher volatility of 4.26% compared to MassMutual High Yield Fund (DLHYX) at 1.35%. This indicates that MIEYX's price experiences larger fluctuations and is considered to be riskier than DLHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIEYX | DLHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 1.35% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 2.37% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 3.88% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.48% | 4.92% | +20.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 5.48% | +17.06% |