MTMIX vs. MDVAX
Compare and contrast key facts about MainStay MacKay Total Return Bond Fund (MTMIX) and MassMutual Diversified Bond Fund (MDVAX).
MTMIX is managed by New York Life. It was launched on Jan 2, 1991. MDVAX is managed by MassMutual. It was launched on May 3, 1999.
Performance
MTMIX vs. MDVAX - Performance Comparison
Loading graphics...
MTMIX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.23% | 7.83% | 4.76% | 7.92% | -15.29% | -0.81% | 9.72% | 9.38% | -1.22% | 4.64% |
MDVAX MassMutual Diversified Bond Fund | -0.09% | 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, MTMIX achieves a -0.23% return, which is significantly lower than MDVAX's -0.09% return. Over the past 10 years, MTMIX has outperformed MDVAX with an annualized return of 2.57%, while MDVAX has yielded a comparatively lower 2.08% annualized return.
MTMIX
- 1D
- -0.22%
- 1M
- -1.93%
- YTD
- -0.23%
- 6M
- 0.56%
- 1Y
- 3.87%
- 3Y*
- 5.45%
- 5Y*
- 1.01%
- 10Y*
- 2.57%
MDVAX
- 1D
- 0.36%
- 1M
- -1.52%
- YTD
- -0.09%
- 6M
- 0.64%
- 1Y
- 5.04%
- 3Y*
- 4.73%
- 5Y*
- 0.08%
- 10Y*
- 2.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MTMIX vs. MDVAX - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Return for Risk
MTMIX vs. MDVAX — Risk / Return Rank
MTMIX
MDVAX
MTMIX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) 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.
| MTMIX | MDVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.46 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.10 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.05 | -0.25 |
Martin ratioReturn relative to average drawdown | 5.71 | 7.79 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MTMIX | MDVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.46 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.01 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.40 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.69 | +0.38 |
Correlation
The correlation between MTMIX and MDVAX is 0.90, 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.
Dividends
MTMIX vs. MDVAX - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.49%, more than MDVAX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.49% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
MDVAX MassMutual Diversified Bond Fund | 3.59% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
Drawdowns
MTMIX vs. MDVAX - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, smaller than the maximum MDVAX drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for MTMIX and MDVAX.
Loading graphics...
Drawdown Indicators
| MTMIX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -23.02% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.00% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -23.02% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -23.02% | +2.55% |
Current DrawdownCurrent decline from peak | -2.34% | -5.91% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.46% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.79% | +0.09% |
Volatility
MTMIX vs. MDVAX - Volatility Comparison
MainStay MacKay Total Return Bond Fund (MTMIX) has a higher volatility of 1.50% compared to MassMutual Diversified Bond Fund (MDVAX) at 1.02%. This indicates that MTMIX's price experiences larger fluctuations and is considered to be riskier than MDVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MTMIX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.02% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.99% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.86% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 6.45% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 5.26% | -0.28% |