MABDX vs. MACHX

Last updated Aug 1, 2026

MABDX (Mutual of America Bond Fund) and MACHX (Mutual of America Composite Fund) are both mutual funds - MABDX is a Intermediate Core Bond fund managed by Mutual of America, while MACHX is a Diversified Portfolio fund managed by Mutual of America. Over the past 5 years, MABDX returned -0.86%/yr vs 9.10%/yr for MACHX. Their 0.22 correlation means their historical movements had little consistent relationship. MABDX charges 0.43%/yr vs 0.54%/yr for MACHX.

Performance

MABDX vs. MACHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America Bond Fund (MABDX) and Mutual of America Composite Fund (MACHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MABDX achieves a -0.52% return, which is significantly lower than MACHX's 7.43% return.

MABDX

• 1D: 0.08%
• 1M: -0.81%
• 6M: -0.68%
• YTD: -0.52%
• 1Y: 2.15%
• 3Y*: 3.43%
• 5Y*: -0.86%
• 10Y*: —
• ALL TIME*: 41.04%

MACHX

• 1D: 1.41%
• 1M: 0.48%
• 6M: 5.67%
• YTD: 7.43%
• 1Y: 16.45%
• 3Y*: 15.33%
• 5Y*: 9.10%
• 10Y*: —
• ALL TIME*: 54.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MABDX Mutual of America Bond Fund	$0.00	$0.00	$0.00
MACHX Mutual of America Composite Fund	$0.00	$0.00	$0.00

MABDX vs. MACHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MABDX Mutual of America Bond Fund	-0.52%	7.58%	0.53%	4.08%	-12.96%	-2.98%	914.19%
MACHX Mutual of America Composite Fund	7.43%	18.88%	16.49%	14.56%	-12.57%	14.64%	919.15%

Correlation

The correlation between MABDX and MACHX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.22

Over the past year, MABDX and MACHX have become more correlated (0.43) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

MABDX vs. MACHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MABDX

MABDX Risk / Return Rank: 23
MABDX Sharpe Ratio Rank: 23
MABDX Sortino Ratio Rank: 23
MABDX Omega Ratio Rank: 21
MABDX Calmar Ratio Rank: 26
MABDX Martin Ratio Rank: 22

MACHX

MACHX Risk / Return Rank: 82
MACHX Sharpe Ratio Rank: 79
MACHX Sortino Ratio Rank: 80
MACHX Omega Ratio Rank: 77
MACHX Calmar Ratio Rank: 82
MACHX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MABDX vs. MACHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America Bond Fund (MABDX) and Mutual of America Composite Fund (MACHX). 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.

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.

	MABDX	MACHX	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.90	-1.02
Sortino ratio: Return per unit of downside risk	1.29	2.84	-1.54
Omega ratio: Gain probability vs. loss probability	1.15	1.35	-0.20
Calmar ratio: Return relative to maximum drawdown	1.24	2.80	-1.56
Martin ratio: Return relative to average drawdown	3.25	13.05	-9.80

MABDX vs. MACHX - Sharpe Ratio Comparison

The current MABDX Sharpe Ratio is 0.88, which is lower than the MACHX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of MABDX and MACHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MABDX vs. MACHX - Drawdown Comparison

The maximum MABDX drawdown since its inception was -23.20%, which is greater than MACHX's maximum drawdown of -21.24%. Use the drawdown chart below to compare losses from any high point for MABDX and MACHX.

Drawdown Indicators

	MABDX	MACHX	Difference
Max Drawdown Largest peak-to-trough decline	-23.20%	-21.24%	-1.96%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-6.17%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-5.24%	-14.97%	+9.73%
Max Drawdown (5Y) Largest decline over 5 years	-18.51%	-18.57%	+0.06%
Current Drawdown Current decline from peak	-10.12%	-0.33%	-9.79%
Average Drawdown Average peak-to-trough decline	-11.91%	-4.08%	-7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	1.26%	-0.27%

Volatility

MABDX vs. MACHX - Volatility Comparison

The current volatility for Mutual of America Bond Fund (MABDX) is 0.95%, while Mutual of America Composite Fund (MACHX) has a volatility of 2.45%. This indicates that MABDX experiences smaller price fluctuations and is considered to be less risky than MACHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MABDX	MACHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	2.45%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	7.00%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	9.12%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	12.78%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	370.54%	373.71%	-3.17%

MABDX vs. MACHX - Expense Ratio Comparison

MABDX has a 0.43% expense ratio, which is lower than MACHX's 0.54% expense ratio.

Dividends

MABDX vs. MACHX - Dividend Comparison

MABDX's dividend yield for the trailing twelve months is around 4.18%, less than MACHX's 10.97% yield.

Position	TTM	2025	2024	2023	2022	2021
MABDX Mutual of America Bond Fund	3.83%	4.10%	3.26%	2.42%	1.66%	1.77%
MACHX Mutual of America Composite Fund	10.97%	11.75%	8.06%	6.00%	6.23%	3.64%

Frequently Asked Questions

Can I hold both MABDX and MACHX in my portfolio?

MABDX and MACHX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MABDX or MACHX?

MACHX has higher volatility (2.45%) compared to MABDX (0.95%). In terms of maximum drawdown, MABDX dropped -23.20% vs MACHX's -21.24%.

Which has better risk-adjusted returns?

MACHX currently has the higher Sharpe Ratio (1.90 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.