MSPZX vs. FXNAX
Compare and contrast key facts about MassMutual Total Return Bond Fund (MSPZX) and Fidelity U.S. Bond Index Fund (FXNAX).
MSPZX is managed by MassMutual. It was launched on Jul 6, 2010. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSPZX or FXNAX.
Correlation
The correlation between MSPZX and FXNAX is 0.89, 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.
Performance
MSPZX vs. FXNAX - Performance Comparison
Key characteristics
MSPZX:
0.75
FXNAX:
0.92
MSPZX:
1.09
FXNAX:
1.37
MSPZX:
1.13
FXNAX:
1.16
MSPZX:
0.27
FXNAX:
0.33
MSPZX:
1.77
FXNAX:
2.20
MSPZX:
2.61%
FXNAX:
2.18%
MSPZX:
6.17%
FXNAX:
5.17%
MSPZX:
-22.04%
FXNAX:
-19.64%
MSPZX:
-11.36%
FXNAX:
-8.93%
Returns By Period
In the year-to-date period, MSPZX achieves a 1.43% return, which is significantly higher than FXNAX's 1.28% return. Over the past 10 years, MSPZX has underperformed FXNAX with an annualized return of 0.85%, while FXNAX has yielded a comparatively higher 1.22% annualized return.
MSPZX
1.43%
1.55%
-1.25%
5.12%
-1.20%
0.85%
FXNAX
1.28%
1.38%
-0.85%
4.99%
-0.76%
1.22%
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MSPZX vs. FXNAX - Expense Ratio Comparison
MSPZX has a 0.33% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
MSPZX vs. FXNAX — Risk-Adjusted Performance Rank
MSPZX
FXNAX
MSPZX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Total Return Bond Fund (MSPZX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
Dividends
MSPZX vs. FXNAX - Dividend Comparison
MSPZX's dividend yield for the trailing twelve months is around 4.28%, more than FXNAX's 3.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSPZX MassMutual Total Return Bond Fund | 4.28% | 4.34% | 3.97% | 2.72% | 1.70% | 2.33% | 3.05% | 3.11% | 2.83% | 2.75% | 2.22% | 3.06% |
FXNAX Fidelity U.S. Bond Index Fund | 3.39% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
Drawdowns
MSPZX vs. FXNAX - Drawdown Comparison
The maximum MSPZX drawdown since its inception was -22.04%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for MSPZX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
MSPZX vs. FXNAX - Volatility Comparison
MassMutual Total Return Bond Fund (MSPZX) has a higher volatility of 1.54% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.33%. This indicates that MSPZX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.