MSTDX vs. DLHYX
Compare and contrast key facts about MassMutual Short Duration Bond Fund (MSTDX) and MassMutual High Yield Fund (DLHYX).
MSTDX is managed by MassMutual. It was launched on Sep 30, 1994. DLHYX is managed by MassMutual. It was launched on Sep 5, 2000.
Performance
MSTDX vs. DLHYX - Performance Comparison
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MSTDX vs. DLHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTDX MassMutual Short Duration Bond Fund | -0.18% | 6.18% | 6.38% | 5.88% | -11.19% | 1.79% | 2.29% | 4.49% | 1.68% | 2.61% |
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, MSTDX achieves a -0.18% return, which is significantly higher than DLHYX's -1.25% return. Over the past 10 years, MSTDX has underperformed DLHYX with an annualized return of 2.04%, while DLHYX has yielded a comparatively higher 5.23% annualized return.
MSTDX
- 1D
- 0.11%
- 1M
- -0.96%
- YTD
- -0.18%
- 6M
- 0.79%
- 1Y
- 4.15%
- 3Y*
- 5.56%
- 5Y*
- 1.25%
- 10Y*
- 2.04%
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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MSTDX vs. DLHYX - Expense Ratio Comparison
MSTDX has a 0.51% expense ratio, which is lower than DLHYX's 0.74% expense ratio.
Return for Risk
MSTDX vs. DLHYX — Risk / Return Rank
MSTDX
DLHYX
MSTDX vs. DLHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Short Duration Bond Fund (MSTDX) 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.
| MSTDX | DLHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 1.79 | +0.69 |
Sortino ratioReturn per unit of downside risk | 4.45 | 2.51 | +1.95 |
Omega ratioGain probability vs. loss probability | 1.65 | 1.41 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 4.45 | 1.94 | +2.51 |
Martin ratioReturn relative to average drawdown | 16.77 | 8.85 | +7.92 |
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
| MSTDX | DLHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.79 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.65 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.96 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.27 | -0.03 |
Correlation
The correlation between MSTDX and DLHYX is 0.17, 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
MSTDX vs. DLHYX - Dividend Comparison
MSTDX's dividend yield for the trailing twelve months is around 4.09%, less than DLHYX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
MSTDX vs. DLHYX - Drawdown Comparison
The maximum MSTDX drawdown since its inception was -13.31%, smaller than the maximum DLHYX drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for MSTDX and DLHYX.
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Drawdown Indicators
| MSTDX | DLHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -27.28% | +13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -3.35% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.31% | -16.45% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -13.31% | -22.28% | +8.97% |
Current DrawdownCurrent decline from peak | -0.96% | -2.19% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.45% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.74% | -0.46% |
Volatility
MSTDX vs. DLHYX - Volatility Comparison
The current volatility for MassMutual Short Duration Bond Fund (MSTDX) is 0.48%, while MassMutual High Yield Fund (DLHYX) has a volatility of 1.35%. This indicates that MSTDX experiences smaller price fluctuations and is considered to be less risky 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
| MSTDX | DLHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.35% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 2.37% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 3.88% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 4.92% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 5.48% | -3.44% |