MMGEX vs. MSTDX
MMGEX (MassMutual Small Cap Growth Equity Fund) and MSTDX (MassMutual Short Duration Bond Fund) are both mutual funds - MMGEX is a Small Cap Growth Equities fund managed by MassMutual, while MSTDX is a Short-Term Bond fund managed by MassMutual. Over the past 10 years, MMGEX returned 14.72%/yr vs 2.02%/yr for MSTDX. Their -0.08 correlation means they have often moved in opposite directions in the past. MMGEX charges 1.41%/yr vs 0.51%/yr for MSTDX.
Performance
MMGEX vs. MSTDX - Performance Comparison
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Returns By Period
In the year-to-date period, MMGEX achieves a 20.51% return, which is significantly higher than MSTDX's 1.00% return. Over the past 10 years, MMGEX has outperformed MSTDX with an annualized return of 14.72%, while MSTDX has yielded a comparatively lower 2.02% annualized return.
MMGEX
- 1D
- 3.12%
- 1M
- -3.67%
- 6M
- 14.34%
- YTD
- 20.51%
- 1Y
- 35.12%
- 3Y*
- 16.33%
- 5Y*
- 5.81%
- 10Y*
- 14.72%
- ALL TIME*
- 8.20%
MSTDX
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 0.43%
- YTD
- 1.00%
- 1Y
- 3.14%
- 3Y*
- 5.47%
- 5Y*
- 1.33%
- 10Y*
- 2.02%
- ALL TIME*
- 3.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MMGEX vs. MSTDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMGEX MassMutual Small Cap Growth Equity Fund | 20.51% | 10.66% | 14.79% | 16.35% | -26.21% | 8.52% | 40.08% | 61.40% | -5.46% | 24.28% |
MSTDX MassMutual Short Duration Bond Fund | 1.00% | 6.18% | 6.38% | 5.88% | -11.19% | 1.79% | 2.29% | 4.49% | 1.68% | 2.61% |
Correlation
The correlation between MMGEX and MSTDX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1999 | -0.08 |
The correlation between MMGEX and MSTDX shifts across timeframes, from -0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MMGEX vs. MSTDX — Risk / Return Rank
MMGEX
MSTDX
MMGEX vs. MSTDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) and MassMutual Short Duration Bond Fund (MSTDX). 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.
| MMGEX | MSTDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.53 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.63 | -0.62 |
| Martin ratioReturn relative to average drawdown | 10.77 | 14.61 | -3.85 |
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Drawdowns
MMGEX vs. MSTDX - Drawdown Comparison
The maximum MMGEX drawdown since its inception was -63.65%, which is greater than MSTDX's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for MMGEX and MSTDX.
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Drawdown Indicators
| MMGEX | MSTDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -13.31% | -50.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -1.06% | -9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -1.06% | -26.73% |
Max Drawdown (5Y)Largest decline over 5 years | -51.21% | -13.31% | -37.90% |
Max Drawdown (10Y)Largest decline over 10 years | -51.21% | -13.31% | -37.90% |
Current DrawdownCurrent decline from peak | -6.88% | -0.21% | -6.67% |
Average DrawdownAverage peak-to-trough decline | -23.31% | -1.42% | -21.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.26% | +2.68% |
Volatility
MMGEX vs. MSTDX - Volatility Comparison
MassMutual Small Cap Growth Equity Fund (MMGEX) has a higher volatility of 6.74% compared to MassMutual Short Duration Bond Fund (MSTDX) at 0.43%. This indicates that MMGEX's price experiences larger fluctuations and is considered to be riskier than MSTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMGEX | MSTDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 0.43% | +6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 1.41% | +15.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 1.85% | +19.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 2.35% | +30.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 2.07% | +26.97% |
MMGEX vs. MSTDX - Expense Ratio Comparison
MMGEX has a 1.41% expense ratio, which is higher than MSTDX's 0.51% expense ratio.
Dividends
MMGEX vs. MSTDX - Dividend Comparison
MMGEX's dividend yield for the trailing twelve months is around 31.48%, more than MSTDX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMGEX MassMutual Small Cap Growth Equity Fund | 31.48% | 37.94% | 8.94% | 0.00% | 0.00% | 44.40% | 10.36% | 32.83% | 29.40% | 6.91% | 0.00% | 33.83% |
MSTDX MassMutual Short Duration Bond Fund | 4.09% | 4.36% | 2.63% | 2.48% | 1.46% | 1.90% | 4.44% | 3.35% | 3.82% | 2.51% | 2.36% | 2.57% |
Frequently Asked Questions
MMGEX and MSTDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMGEX has higher volatility (6.74%) compared to MSTDX (0.43%). In terms of maximum drawdown, MMGEX dropped -63.65% vs MSTDX's -13.31%.
MSTDX currently has the higher Sharpe Ratio (2.09 vs 1.47), 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.
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