CRAZX vs. MOGAX
Compare and contrast key facts about Columbia Adaptive Risk Allocation Fund (CRAZX) and MassMutual 60/40 Allocation Fund (MOGAX).
CRAZX is managed by Columbia Threadneedle. It was launched on Jun 18, 2012. MOGAX is managed by MassMutual. It was launched on Jun 19, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRAZX or MOGAX.
Performance
CRAZX vs. MOGAX - Performance Comparison
Returns By Period
In the year-to-date period, CRAZX achieves a 9.27% return, which is significantly lower than MOGAX's 10.40% return. Over the past 10 years, CRAZX has underperformed MOGAX with an annualized return of 1.61%, while MOGAX has yielded a comparatively higher 5.21% annualized return.
CRAZX
9.27%
-0.40%
5.21%
15.20%
0.46%
1.61%
MOGAX
10.40%
-0.32%
5.70%
16.85%
5.22%
5.21%
Key characteristics
| CRAZX | MOGAX | |
|---|---|---|
| Sharpe Ratio | 1.86 | 2.26 |
| Sortino Ratio | 2.65 | 3.22 |
| Omega Ratio | 1.34 | 1.42 |
| Calmar Ratio | 0.61 | 1.02 |
| Martin Ratio | 10.03 | 14.00 |
| Ulcer Index | 1.49% | 1.19% |
| Daily Std Dev | 8.05% | 7.39% |
| Max Drawdown | -29.30% | -25.70% |
| Current Drawdown | -12.90% | -2.24% |
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CRAZX vs. MOGAX - Expense Ratio Comparison
CRAZX has a 0.74% expense ratio, which is higher than MOGAX's 0.61% expense ratio.
Correlation
The correlation between CRAZX and MOGAX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CRAZX vs. MOGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Adaptive Risk Allocation Fund (CRAZX) and MassMutual 60/40 Allocation Fund (MOGAX). 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.
Dividends
CRAZX vs. MOGAX - Dividend Comparison
CRAZX's dividend yield for the trailing twelve months is around 0.49%, less than MOGAX's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAZX Columbia Adaptive Risk Allocation Fund | 0.49% | 0.54% | 8.14% | 4.13% | 0.87% | 2.72% | 3.82% | 0.05% | 1.28% | 0.00% | 0.31% | 0.00% |
MOGAX MassMutual 60/40 Allocation Fund | 1.52% | 1.68% | 1.84% | 3.09% | 2.19% | 2.40% | 2.90% | 3.14% | 1.56% | 1.49% | 2.45% | 2.43% |
Drawdowns
CRAZX vs. MOGAX - Drawdown Comparison
The maximum CRAZX drawdown since its inception was -29.30%, which is greater than MOGAX's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for CRAZX and MOGAX. For additional features, visit the drawdowns tool.
Volatility
CRAZX vs. MOGAX - Volatility Comparison
Columbia Adaptive Risk Allocation Fund (CRAZX) has a higher volatility of 2.32% compared to MassMutual 60/40 Allocation Fund (MOGAX) at 1.95%. This indicates that CRAZX's price experiences larger fluctuations and is considered to be riskier than MOGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.