Correlation
The correlation between MSTDX and FIKQX is 0.13, 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.
MSTDX vs. FIKQX
Compare and contrast key facts about MassMutual Short Duration Bond Fund (MSTDX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX).
MSTDX is managed by MassMutual. It was launched on Sep 30, 1994. FIKQX is managed by Fidelity. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTDX or FIKQX.
Performance
MSTDX vs. FIKQX - Performance Comparison
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Key characteristics
MSTDX:
3.63
FIKQX:
1.11
MSTDX:
6.68
FIKQX:
1.45
MSTDX:
1.95
FIKQX:
1.17
MSTDX:
3.71
FIKQX:
0.56
MSTDX:
26.00
FIKQX:
2.57
MSTDX:
0.29%
FIKQX:
2.08%
MSTDX:
2.08%
FIKQX:
5.52%
MSTDX:
-11.71%
FIKQX:
-17.97%
MSTDX:
0.00%
FIKQX:
-4.90%
Returns By Period
In the year-to-date period, MSTDX achieves a 2.11% return, which is significantly lower than FIKQX's 2.31% return.
MSTDX
2.11%
0.11%
2.35%
6.98%
4.53%
3.16%
2.11%
FIKQX
2.31%
-0.69%
0.93%
5.35%
1.87%
-0.19%
N/A
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MSTDX vs. FIKQX - Expense Ratio Comparison
MSTDX has a 0.51% expense ratio, which is higher than FIKQX's 0.36% expense ratio.
Risk-Adjusted Performance
MSTDX vs. FIKQX — Risk-Adjusted Performance Rank
MSTDX
FIKQX
MSTDX vs. FIKQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Short Duration Bond Fund (MSTDX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX). 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.
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Dividends
MSTDX vs. FIKQX - Dividend Comparison
MSTDX's dividend yield for the trailing twelve months is around 3.65%, less than FIKQX's 3.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTDX MassMutual Short Duration Bond Fund | 3.65% | 3.90% | 3.32% | 3.40% | 1.90% | 4.44% | 3.35% | 3.82% | 2.51% | 2.36% | 2.57% | 2.24% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.69% | 4.08% | 3.64% | 2.75% | 1.71% | 4.89% | 2.84% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MSTDX vs. FIKQX - Drawdown Comparison
The maximum MSTDX drawdown since its inception was -11.71%, smaller than the maximum FIKQX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for MSTDX and FIKQX.
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Volatility
MSTDX vs. FIKQX - Volatility Comparison
The current volatility for MassMutual Short Duration Bond Fund (MSTDX) is 0.47%, while Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) has a volatility of 1.51%. This indicates that MSTDX experiences smaller price fluctuations and is considered to be less risky than FIKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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