SRBFX vs. MDVAX
SRBFX (Columbia Total Return Bond Fund) and MDVAX (MassMutual Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, SRBFX returned 2.29%/yr vs 2.16%/yr for MDVAX. Their correlation of 0.86 suggests significant overlap in exposure. SRBFX charges 0.49%/yr vs 1.07%/yr for MDVAX.
Performance
SRBFX vs. MDVAX - Performance Comparison
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Returns By Period
In the year-to-date period, SRBFX achieves a 0.99% return, which is significantly lower than MDVAX's 2.59% return. Over the past 10 years, SRBFX has outperformed MDVAX with an annualized return of 2.29%, while MDVAX has yielded a comparatively lower 2.16% annualized return.
SRBFX
- 1D
- 0.46%
- 1M
- 1.11%
- YTD
- 0.99%
- 6M
- 1.28%
- 1Y
- 5.01%
- 3Y*
- 5.29%
- 5Y*
- -0.24%
- 10Y*
- 2.29%
MDVAX
- 1D
- 0.12%
- 1M
- 0.61%
- YTD
- 2.59%
- 6M
- 2.82%
- 1Y
- 6.99%
- 3Y*
- 5.96%
- 5Y*
- 0.24%
- 10Y*
- 2.16%
SRBFX vs. MDVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRBFX Columbia Total Return Bond Fund | 0.99% | 8.91% | 1.49% | 7.35% | -17.65% | 0.23% | 12.20% | 9.44% | 0.38% | 3.84% |
MDVAX MassMutual Diversified Bond Fund | 2.59% | 8.40% | 2.47% | 5.81% | -17.01% | 1.95% | 8.08% | 10.12% | -1.55% | 4.52% |
Correlation
The correlation between SRBFX and MDVAX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1999 | 0.86 |
The correlation between SRBFX and MDVAX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
SRBFX vs. MDVAX — Risk / Return Rank
SRBFX
MDVAX
SRBFX vs. MDVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Total Return Bond Fund (SRBFX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRBFX | MDVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.23 | -1.58 |
| Martin ratioReturn relative to average drawdown | 4.70 | 13.62 | -8.92 |
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Drawdowns
SRBFX vs. MDVAX - Drawdown Comparison
The maximum SRBFX drawdown since its inception was -24.34%, which is greater than MDVAX's maximum drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for SRBFX and MDVAX.
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Drawdown Indicators
| SRBFX | MDVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -23.02% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.21% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.28% | -5.44% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.97% | -23.02% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -23.02% | +0.05% |
Current DrawdownCurrent decline from peak | -2.76% | -3.38% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -3.47% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.52% | +0.57% |
Volatility
SRBFX vs. MDVAX - Volatility Comparison
Columbia Total Return Bond Fund (SRBFX) has a higher volatility of 1.25% compared to MassMutual Diversified Bond Fund (MDVAX) at 0.74%. This indicates that SRBFX'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.
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Volatility by Period
| SRBFX | MDVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.74% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.15% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 3.18% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.46% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.27% | +0.18% |
SRBFX vs. MDVAX - Expense Ratio Comparison
SRBFX has a 0.49% expense ratio, which is lower than MDVAX's 1.07% expense ratio.
Dividends
SRBFX vs. MDVAX - Dividend Comparison
SRBFX's dividend yield for the trailing twelve months is around 4.84%, more than MDVAX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDVAX MassMutual Diversified Bond Fund | 3.99% | 3.91% | 2.45% | 4.87% | 3.76% | 4.06% | 7.20% | 2.90% | 2.86% | 2.64% | 2.11% | 0.53% |
SRBFX Columbia Total Return Bond Fund | 4.84% | 4.86% | 4.11% | 3.74% | 3.72% | 3.23% | 7.56% | 4.59% | 2.85% | 2.77% | 3.93% | 3.42% |
Frequently Asked Questions
SRBFX and MDVAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRBFX has higher volatility (1.25%) compared to MDVAX (0.74%). In terms of maximum drawdown, SRBFX dropped -24.34% vs MDVAX's -23.02%.
MDVAX currently has the higher Sharpe Ratio (2.26 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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