- Issuer
- Mutual of America
- Inception Date
- Nov 29, 2021
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MAMEX Performance Chart
Mutual of America Mid-Cap Equity Index Fund (MAMEX) is up 15.3% since the beginning of the year. MAMEX is currently trading at $23 per share. Investors who bought $1,000 worth of MAMEX shares 5 years ago would now be looking at an investment worth $1,450.
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Returns By Period
Mutual of America Mid-Cap Equity Index Fund (MAMEX) has returned 15.32% so far this year and 27.01% over the past 12 months.
Mutual of America Mid-Cap Equity Index Fund
- 1D
- 1.13%
- 1M
- 3.34%
- YTD
- 15.32%
- 6M
- 12.85%
- 1Y
- 27.01%
- 3Y*
- 14.46%
- 5Y*
- 7.72%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MAMEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, MAMEX's average daily return is +0.68%, while the average monthly return is +11.32%. At this rate, an investment would double in approximately 0.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Sep 2020 with a return of +803.3%, while the worst month was Mar 2020 at -20.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MAMEX closed higher 51% of trading days. The best single day was Sep 25, 2020 with a return of +915.2%, while the worst single day was Mar 16, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.07% | 3.88% | -6.15% | 7.87% | 2.43% | 1.89% | 15.32% | ||||||
| 2025 | 5.93% | -8.48% | -3.21% | -2.29% | 5.37% | 3.56% | 1.64% | 3.36% | 0.46% | -1.09% | 2.17% | 0.65% | 7.40% |
| 2024 | -1.69% | 5.92% | 5.59% | -6.02% | 4.33% | -2.12% | 5.80% | -0.09% | 1.12% | -0.73% | 8.78% | -7.16% | 13.08% |
| 2023 | 8.74% | -1.84% | -3.21% | -0.82% | -3.18% | 9.13% | 4.11% | -2.91% | -5.28% | -6.70% | 8.49% | 8.63% | 13.99% |
| 2022 | -7.13% | 1.07% | 1.40% | -4.56% | -1.97% | -13.02% | 10.75% | -8.59% | 9.72% | 6.11% | -5.34% | -13.59% | |
| 2021 | 3.60% | 4.73% | 4.55% | 5.88% | -1.12% | -1.53% | 0.41% | 1.85% | -2.50% | 3.90% | -0.32% | 2.15% | 23.35% |
Benchmark Metrics
Mutual of America Mid-Cap Equity Index Fund has an annualized alpha of 335.35%, beta of 1.60, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund captured 95.63% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -153.22%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 335.35%
- Beta
- 1.60
- R²
- 0.01
- Upside Capture
- 95.63%
- Downside Capture
- -153.22%
Expense Ratio
MAMEX has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
MAMEX ranks 60 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Mutual of America Mid-Cap Equity Index Fund (MAMEX) and compare them to S&P 500 Index.
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.
| MAMEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.78 | +0.66 |
| Martin ratioReturn relative to average drawdown | 13.16 | 12.44 | +0.73 |
Dividends
Dividend History
Mutual of America Mid-Cap Equity Index Fund provided a 10.28% dividend yield over the last twelve months, with an annual payout of $2.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.38 | $2.38 | $1.90 | $1.54 | $2.66 | $3.25 |
Dividend yield | 10.28% | 11.85% | 9.07% | 7.67% | 14.01% | 12.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Mutual of America Mid-Cap Equity Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $2.15 | $2.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $1.60 | $1.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $1.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.00 | $1.88 | $2.66 | |
| 2021 | $3.25 | $3.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Mutual of America Mid-Cap Equity Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Mutual of America Mid-Cap Equity Index Fund was 42.17%, occurring on Mar 23, 2020. Recovery took 129 trading sessions.
The current Mutual of America Mid-Cap Equity Index Fund drawdown is 0.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.17%Mar 2020 | 1mo 1d | 6mo 6d | 7mo 7dFeb 2020 - Sep 2020 |
Bear market2022 | -24.39%Jun 2022 | 7mo 1d | 1y 8mo | 2y 3moNov 2021 - Feb 2024 |
2025 selloff2025 | -24.11%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
2026 pullback2026 | -8.84%Mar 2026 | 27d | 18d | 1mo 15dMar 2026 - Apr 2026 |
2024 pullback2024 | -7.89%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
Drawdown Indicators
| MAMEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.17% | -56.78% | +14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -9.10% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -24.11% | -18.90% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -25.43% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.80% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -10.71% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.03% | +0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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