MACAX vs. MABDX

Last updated Apr 1, 2026

Compare and contrast key facts about Mutual of America Conservative Allocation Fund (MACAX) and Mutual of America Bond Fund (MABDX).

MACAX is managed by Mutual of America. It was launched on Nov 29, 2021. MABDX is managed by Mutual of America. It was launched on Nov 29, 2021.

Performance

MACAX vs. MABDX - Performance Comparison

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

MACAX vs. MABDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MACAX Mutual of America Conservative Allocation Fund	-2.45%	11.09%	6.84%	8.97%	-12.93%	5.77%	897.64%
MABDX Mutual of America Bond Fund	-0.39%	7.58%	0.53%	4.08%	-12.96%	-2.98%	856.05%

Returns By Period

In the year-to-date period, MACAX achieves a -2.45% return, which is significantly lower than MABDX's -0.39% return.

MACAX

• 1D: -0.60%
• 1M: -4.55%
• YTD: -2.45%
• 6M: -0.79%
• 1Y: 7.61%
• 3Y*: 6.74%
• 5Y*: 2.85%
• 10Y*: —

MABDX

• 1D: 0.49%
• 1M: -1.83%
• YTD: -0.39%
• 6M: 0.86%
• 1Y: 4.27%
• 3Y*: 3.02%
• 5Y*: -0.31%
• 10Y*: —

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

MACAX vs. MABDX - Expense Ratio Comparison

MACAX has a 0.08% expense ratio, which is lower than MABDX's 0.43% expense ratio.

MABDX

Mutual of America Bond Fund

MACAX

Mutual of America Conservative Allocation Fund

Return for Risk

MACAX vs. MABDX — Risk / Return Rank

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

MACAX

MACAX Risk / Return Rank: 61
MACAX Sharpe Ratio Rank: 71
MACAX Sortino Ratio Rank: 74
MACAX Omega Ratio Rank: 67
MACAX Calmar Ratio Rank: 45
MACAX Martin Ratio Rank: 49

MABDX

MABDX Risk / Return Rank: 64
MABDX Sharpe Ratio Rank: 62
MABDX Sortino Ratio Rank: 61
MABDX Omega Ratio Rank: 45
MABDX Calmar Ratio Rank: 82
MABDX Martin Ratio Rank: 68

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.

MACAX vs. MABDX - Risk-Adjusted Trends Comparison

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

	MACAX	MABDX	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.14	+0.10
Sortino ratio Return per unit of downside risk	1.83	1.62	+0.21
Omega ratio Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio Return relative to maximum drawdown	1.12	2.03	-0.91
Martin ratio Return relative to average drawdown	4.86	6.43	-1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MACAX vs. MABDX - Sharpe Ratio Comparison

The current MACAX Sharpe Ratio is 1.23, which is comparable to the MABDX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of MACAX and MABDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MACAX	MABDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.14	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	-0.06	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.13	+0.02

Correlation

The correlation between MACAX and MABDX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MACAX vs. MABDX - Dividend Comparison

MACAX's dividend yield for the trailing twelve months is around 7.37%, more than MABDX's 4.12% yield.

	TTM	2025	2024	2023	2022	2021
MACAX Mutual of America Conservative Allocation Fund	7.37%	7.19%	4.33%	1.83%	7.35%	4.06%
MABDX Mutual of America Bond Fund	4.12%	4.10%	3.26%	2.42%	1.66%	1.77%

Drawdowns

MACAX vs. MABDX - Drawdown Comparison

The maximum MACAX drawdown since its inception was -17.36%, smaller than the maximum MABDX drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for MACAX and MABDX.

Drawdown Indicators

	MACAX	MABDX	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	-23.20%	+5.84%
Max Drawdown (1Y) Largest decline over 1 year	-4.76%	-2.65%	-2.11%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-18.51%	+1.15%
Current Drawdown Current decline from peak	-4.63%	-10.01%	+5.38%
Average Drawdown Average peak-to-trough decline	-4.41%	-12.06%	+7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	0.84%	+0.48%

Volatility

MACAX vs. MABDX - Volatility Comparison

Mutual of America Conservative Allocation Fund (MACAX) has a higher volatility of 1.84% compared to Mutual of America Bond Fund (MABDX) at 1.35%. This indicates that MACAX's price experiences larger fluctuations and is considered to be riskier than MABDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MACAX	MABDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	1.35%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	4.15%	2.65%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	4.34%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.79%	6.31%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	402.11%	381.49%	+20.62%