- Issuer
- Mutual of America
- Inception Date
- Nov 29, 2021
- Category
- Target Retirement Date
- 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
MURLX Performance Chart
Mutual of America 2040 Retirement Fund (MURLX) is up 8.6% since the beginning of the year. MURLX is currently trading at $17 per share. Investors who bought $1,000 worth of MURLX shares 5 years ago would now be looking at an investment worth $1,444.
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Returns By Period
Mutual of America 2040 Retirement Fund (MURLX) has returned 8.57% so far this year and 21.65% over the past 12 months.
Mutual of America 2040 Retirement Fund
- 1D
- 0.91%
- 1M
- 1.41%
- YTD
- 8.57%
- 6M
- 8.14%
- 1Y
- 21.65%
- 3Y*
- 14.79%
- 5Y*
- 7.62%
- 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%
MURLX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, MURLX's average daily return is +0.67%, while the average monthly return is +11.41%. At this rate, an investment would double in approximately 0.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Sep 2020 with a return of +828.6%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MURLX closed higher 51% of trading days. The best single day was Sep 25, 2020 with a return of +913.0%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.88% | 1.34% | -5.40% | 6.70% | 2.86% | 0.30% | 8.57% | ||||||
| 2025 | 3.87% | -3.05% | -1.40% | 0.35% | 4.23% | 3.71% | 0.86% | 2.55% | 2.42% | 1.05% | 0.62% | 0.85% | 17.01% |
| 2024 | 0.44% | 3.60% | 3.12% | -3.71% | 4.21% | 0.21% | 2.46% | 1.80% | 1.38% | -1.88% | 4.40% | -3.07% | 13.28% |
| 2023 | 6.00% | -2.25% | 1.67% | 1.01% | -1.31% | 4.62% | 2.77% | -1.97% | -3.93% | -4.40% | 7.60% | 5.02% | 14.86% |
| 2022 | -4.70% | -1.62% | 1.19% | -4.89% | -1.64% | -10.38% | 5.60% | -7.36% | 5.51% | 6.26% | -3.64% | -15.95% | |
| 2021 | 1.94% | 2.04% | 2.66% | 4.60% | 0.31% | 0.12% | 1.48% | 1.58% | -2.69% | 1.60% | -0.24% | 2.44% | 16.84% |
Benchmark Metrics
Mutual of America 2040 Retirement Fund has an annualized alpha of 332.53%, beta of 1.34, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund captured 71.56% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -214.67%) - 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
- 332.53%
- Beta
- 1.34
- R²
- 0.01
- Upside Capture
- 71.56%
- Downside Capture
- -214.67%
Expense Ratio
MURLX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
MURLX 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 Mutual of America 2040 Retirement Fund (MURLX) 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.
| MURLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.78 | +0.31 |
| Martin ratioReturn relative to average drawdown | 14.30 | 12.44 | +1.86 |
Dividends
Dividend History
Mutual of America 2040 Retirement Fund provided a 7.94% dividend yield over the last twelve months, with an annual payout of $1.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.32 | $1.32 | $1.14 | $0.41 | $1.39 | $0.68 |
Dividend yield | 7.94% | 8.62% | 8.02% | 3.04% | 11.39% | 4.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Mutual of America 2040 Retirement 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 | $1.09 | $1.32 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.74 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.00 | $0.58 | $1.39 | |
| 2021 | $0.68 | $0.68 |
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 2040 Retirement 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 2040 Retirement Fund was 31.54%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.
The current Mutual of America 2040 Retirement Fund drawdown is 0.18%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.54%Mar 2020 | 1mo 1d | 5mo 13d | 6mo 14dFeb 2020 - Sep 2020 |
Bear market2022 | -23.06%Oct 2022 | 9mo 10d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
2025 selloff2025 | -13.69%Apr 2025 | 1mo 19d | 1mo 29d | 3mo 18dFeb 2025 - Jun 2025 |
2021 pullback2021 | -7.92%Jan 2021 | 14d | 2mo 10d | 2mo 24dDec 2020 - Mar 2021 |
2026 pullback2026 | -7.75%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| MURLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.54% | -56.78% | +25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -9.10% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -18.90% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -25.43% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.80% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -10.71% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.03% | -0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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