- ISIN
- US57630A4444
- Issuer
- MassMutual
- Inception Date
- Jun 19, 2011
- Category
- Diversified Portfolio
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MOGAX Performance Chart
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Returns By Period
MassMutual 60/40 Allocation Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MOGAX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.28% | 0.33% | -2.33% | -0.11% | 2.96% | 2.98% | 0.21% | 2.14% | 1.73% | 10.54% | |||
| 2024 | 0.00% | 1.87% | 2.29% | -3.48% | 3.14% | 0.90% | 2.46% | 2.18% | 1.60% | -1.36% | 2.34% | -3.17% | 8.82% |
| 2023 | 5.39% | -2.68% | 2.13% | 0.98% | -1.33% | 3.57% | 2.14% | -1.98% | -3.80% | -2.34% | 7.32% | 4.72% | 14.26% |
| 2022 | -3.43% | -1.93% | 0.31% | -4.23% | -1.62% | -6.35% | 5.61% | -3.10% | -7.43% | 4.32% | 5.44% | -11.11% | -22.35% |
| 2021 | -0.79% | 2.08% | 2.04% | 3.52% | 1.01% | 0.73% | 1.08% | 1.43% | -2.82% | 3.44% | -1.66% | 3.11% | 13.74% |
Benchmark Metrics
MassMutual 60/40 Allocation Fund has an annualized alpha of -1.96%, beta of 0.63, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since June 20, 2011.
- This fund participated in 91.17% of S&P 500 Index downside but only 66.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.96%
- Beta
- 0.63
- R²
- 0.72
- Upside Capture
- 66.13%
- Downside Capture
- 91.17%
Expense Ratio
MOGAX has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) 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.
| MOGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
MassMutual 60/40 Allocation Fund provided a 3.65% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.55 | $0.34 | $0.14 | $1.34 | $0.37 | $1.29 | $1.33 | $0.11 | $0.15 | $0.32 |
Dividend yield | 3.65% | 6.23% | 3.93% | 1.84% | 13.14% | 3.65% | 13.70% | 15.46% | 1.02% | 1.55% | 3.52% |
Monthly Dividends
The table displays the monthly dividend distributions for MassMutual 60/40 Allocation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 | |||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $1.34 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
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 60/40 Allocation 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 60/40 Allocation Fund was 25.70%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.70%Mar 2020 | 1mo 2d | 5mo 4d | 6mo 6dFeb 2020 - Aug 2020 |
Bear market2022 | -23.10%Dec 2022 | 11mo 27d | 1y 11mo | 2y 11moJan 2022 - Dec 2024 |
2016 bear market2016 | -21.41%Feb 2016 | 1y 7mo | 1y 2mo | 2y 9moJul 2014 - Apr 2017 |
2011 correction2011 | -19.30%Oct 2011 | 2mo 27d | 11mo 17d | 1y 2moJul 2011 - Sep 2012 |
Rate-hike selloffLate 2018 | -16.86%Dec 2018 | 10mo 29d | 4mo 6d | 1y 3moJan 2018 - Apr 2019 |
Drawdown Indicators
| MOGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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