CRAZX vs. MOGAX

Last updated Apr 1, 2026

Compare and contrast key facts about Columbia Adaptive Risk Allocation Fund (CRAZX) and MassMutual 60/40 Allocation Fund (MOGAX).

CRAZX is managed by Columbia. It was launched on Jun 18, 2012. MOGAX is managed by MassMutual. It was launched on Jun 19, 2011.

Performance

CRAZX vs. MOGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Adaptive Risk Allocation Fund (CRAZX) and MassMutual 60/40 Allocation Fund (MOGAX). The values are adjusted to include any dividend payments, if applicable.

CRAZX vs. MOGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRAZX Columbia Adaptive Risk Allocation Fund	0.94%	14.35%	7.85%	8.84%	-15.03%	11.20%	9.44%	18.93%	-4.52%	13.26%
MOGAX MassMutual 60/40 Allocation Fund	0.00%	10.54%	8.82%	14.26%	-22.35%	13.74%	12.03%	24.58%	-8.02%	14.54%

Returns By Period

CRAZX

• 1D: 0.38%
• 1M: -4.64%
• YTD: 0.94%
• 6M: 3.19%
• 1Y: 14.35%
• 3Y*: 9.57%
• 5Y*: 5.05%
• 10Y*: 6.51%

MOGAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRAZX vs. MOGAX - Expense Ratio Comparison

CRAZX has a 0.74% expense ratio, which is higher than MOGAX's 0.61% expense ratio.

CRAZX

Columbia Adaptive Risk Allocation Fund

MOGAX

MassMutual 60/40 Allocation Fund

Return for Risk

CRAZX vs. MOGAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRAZX

CRAZX Risk / Return Rank: 84
CRAZX Sharpe Ratio Rank: 83
CRAZX Sortino Ratio Rank: 84
CRAZX Omega Ratio Rank: 80
CRAZX Calmar Ratio Rank: 83
CRAZX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRAZX vs. MOGAX - Risk-Adjusted Trends 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.

	CRAZX	MOGAX	Difference
Sharpe ratio Return per unit of total volatility	1.55	—	—
Sortino ratio Return per unit of downside risk	2.19	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.03	—	—
Martin ratio Return relative to average drawdown	9.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CRAZX	MOGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Correlation

The correlation between CRAZX and MOGAX is 0.75, 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.

Dividends

CRAZX vs. MOGAX - Dividend Comparison

CRAZX's dividend yield for the trailing twelve months is around 2.85%, less than MOGAX's 3.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRAZX Columbia Adaptive Risk Allocation Fund	2.85%	2.87%	2.52%	0.55%	8.14%	20.39%	2.12%	7.51%	6.22%	7.14%	0.94%	1.03%
MOGAX MassMutual 60/40 Allocation Fund	3.65%	3.65%	6.23%	3.93%	1.84%	13.14%	3.65%	13.70%	15.46%	1.02%	1.55%	3.52%

Drawdowns

Drawdown Indicators

	CRAZX	MOGAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.21%	—	—
Current Drawdown Current decline from peak	-4.81%	—	—
Average Drawdown Average peak-to-trough decline	-4.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	CRAZX	MOGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.60%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.27%	—	—