- ISIN
- US57629R3259
- Issuer
- MassMutual
- Inception Date
- May 3, 1999
- Category
- Small Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MMGEX Performance Chart
MassMutual Small Cap Growth Equity Fund (MMGEX) is up 26.3% since the beginning of the year. MMGEX is currently trading at $9 per share. Investors who bought $1,000 worth of MMGEX shares 5 years ago would now be looking at an investment worth $1,430.
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Returns By Period
MassMutual Small Cap Growth Equity Fund (MMGEX) has returned 26.32% so far this year and 45.15% over the past 12 months. Looking at the last ten years, MMGEX has achieved an annualized return of 15.84%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
MassMutual Small Cap Growth Equity Fund
- 1D
- 2.30%
- 1M
- 5.76%
- YTD
- 26.32%
- 6M
- 23.00%
- 1Y
- 45.15%
- 3Y*
- 19.80%
- 5Y*
- 7.42%
- 10Y*
- 15.84%
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%
MMGEX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 1999, MMGEX's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2000 with a return of +25.4%, while the worst month was Oct 2008 at -21.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MMGEX closed higher 52% of trading days. The best single day was Dec 16, 2021 with a return of +41.0%, while the worst single day was Dec 17, 2021 at -31.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.40% | 2.30% | -4.76% | 13.27% | 3.94% | 4.46% | 26.32% | ||||||
| 2025 | 4.24% | -7.41% | -6.99% | -0.36% | 5.35% | 5.43% | 1.10% | 3.03% | 2.52% | 2.46% | 2.80% | -0.98% | 10.66% |
| 2024 | -2.07% | 7.53% | 2.95% | -6.16% | 4.19% | 0.43% | 5.30% | 0.92% | 1.83% | -2.10% | 10.73% | -8.08% | 14.79% |
| 2023 | 7.77% | -1.00% | -2.26% | -0.77% | -1.68% | 8.83% | 2.18% | -2.96% | -5.49% | -7.11% | 9.18% | 10.57% | 16.35% |
| 2022 | -12.86% | 0.79% | 0.79% | -11.06% | -3.14% | -7.65% | 11.10% | -2.15% | -7.88% | 8.70% | 2.97% | -6.52% | -26.21% |
| 2021 | 0.96% | 5.50% | -2.08% | 4.54% | -3.39% | 2.74% | -0.62% | 2.20% | -3.30% | 6.27% | -4.72% | 0.83% | 8.52% |
Benchmark Metrics
MassMutual Small Cap Growth Equity Fund has an annualized alpha of 2.80%, beta of 1.07, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since April 30, 1999.
- This fund captured 127.02% of S&P 500 Index gains and 114.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.07 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.80%
- Beta
- 1.07
- R²
- 0.62
- Upside Capture
- 127.02%
- Downside Capture
- 114.60%
Expense Ratio
MMGEX has a high expense ratio of 1.41%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MMGEX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) 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.
| MMGEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 2.78 | +1.50 |
| Martin ratioReturn relative to average drawdown | 17.36 | 12.44 | +4.92 |
Dividends
Dividend History
MassMutual Small Cap Growth Equity Fund provided a 30.04% dividend yield over the last twelve months, with an annual payout of $2.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.81 | $2.81 | $0.82 | $0.00 | $0.00 | $4.49 | $1.40 | $3.51 | $2.73 | $0.87 | $0.00 | $3.41 |
Dividend yield | 30.04% | 37.94% | 8.94% | 0.00% | 0.00% | 44.40% | 10.36% | 32.83% | 29.40% | 6.91% | 0.00% | 33.83% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual Small Cap Growth Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.81 | $2.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.49 | $4.49 |
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 MassMutual Small Cap Growth Equity 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 MassMutual Small Cap Growth Equity Fund was 63.65%, occurring on Oct 9, 2002. Recovery took 2105 trading sessions.
The current MassMutual Small Cap Growth Equity Fund drawdown is 0.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -63.65%Oct 2002 | 2y 7mo | 8y 4mo | 10y 11moMar 2000 - Feb 2011 |
Bear market2022 | -51.21%Jun 2022 | 6mo 1d | — | 4y 6moDec 2021 - now |
2016 bear market2016 | -40.02%Feb 2016 | 2y 2mo | 1y 10mo | 4y 1moDec 2013 - Jan 2018 |
COVID crash2020 | -38.59%Mar 2020 | 27d | 4mo 11d | 5mo 8dFeb 2020 - Jul 2020 |
2011 bear market2011 | -32.67%Oct 2011 | 5mo 4d | 1y 5mo | 1y 10moMay 2011 - Mar 2013 |
Drawdown Indicators
| MMGEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -56.78% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.10% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -18.90% | -8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -51.21% | -25.43% | -25.78% |
Max Drawdown (10Y)Largest decline over 10 years | -51.21% | -33.92% | -17.29% |
Current DrawdownCurrent decline from peak | -0.94% | -1.80% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -23.39% | -10.71% | -12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.03% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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