MSTDX vs. MDVAX
Compare and contrast key facts about MassMutual Short Duration Bond Fund (MSTDX) and MassMutual Diversified Bond Fund (MDVAX).
MSTDX is managed by MassMutual. It was launched on Sep 30, 1994. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
MSTDX vs. MDVAX - Performance Comparison
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MSTDX vs. MDVAX - 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% |
MDVAX MassMutual Diversified Bond Fund | -0.45% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 4.52% |
Returns By Period
In the year-to-date period, MSTDX achieves a -0.18% return, which is significantly higher than MDVAX's -0.45% return. Both investments have delivered pretty close results over the past 10 years, with MSTDX having a 2.04% annualized return and MDVAX not far ahead at 2.05%.
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%
MDVAX
- 1D
- 0.12%
- 1M
- -2.10%
- YTD
- -0.45%
- 6M
- 0.52%
- 1Y
- 5.17%
- 3Y*
- 4.60%
- 5Y*
- 0.09%
- 10Y*
- 2.05%
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MSTDX vs. MDVAX - Expense Ratio Comparison
MSTDX has a 0.51% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Return for Risk
MSTDX vs. MDVAX — Risk / Return Rank
MSTDX
MDVAX
MSTDX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Short Duration Bond Fund (MSTDX) and MassMutual Diversified Bond Fund (MDVAX). 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 | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 1.51 | +0.97 |
Sortino ratioReturn per unit of downside risk | 4.45 | 2.19 | +2.27 |
Omega ratioGain probability vs. loss probability | 1.65 | 1.29 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 4.45 | 2.05 | +2.40 |
Martin ratioReturn relative to average drawdown | 16.77 | 7.87 | +8.90 |
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 | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.51 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.01 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.39 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.69 | +0.55 |
Correlation
The correlation between MSTDX and MDVAX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSTDX vs. MDVAX - Dividend Comparison
MSTDX's dividend yield for the trailing twelve months is around 4.09%, more than MDVAX's 3.60% 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% |
MDVAX MassMutual Diversified Bond Fund | 3.60% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
Drawdowns
MSTDX vs. MDVAX - Drawdown Comparison
The maximum MSTDX drawdown since its inception was -13.31%, smaller than the maximum MDVAX drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for MSTDX and MDVAX.
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Drawdown Indicators
| MSTDX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -23.02% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -3.00% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.31% | -23.02% | +9.71% |
Max Drawdown (10Y)Largest decline over 10 years | -13.31% | -23.02% | +9.71% |
Current DrawdownCurrent decline from peak | -0.96% | -6.24% | +5.28% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.46% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.78% | -0.50% |
Volatility
MSTDX vs. MDVAX - Volatility Comparison
The current volatility for MassMutual Short Duration Bond Fund (MSTDX) is 0.48%, while MassMutual Diversified Bond Fund (MDVAX) has a volatility of 0.93%. This indicates that MSTDX experiences smaller price fluctuations and is considered to be less risky than MDVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTDX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.93% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 2.05% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 3.86% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 6.45% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 5.26% | -3.22% |