MACHX vs. MAAKX

Last updated Jun 23, 2026

MACHX (Mutual of America Composite Fund) and MAAKX (Mutual of America All America Fund) are both mutual funds - MACHX is a Diversified Portfolio fund managed by Mutual of America, while MAAKX is a Large Cap Blend Equities fund managed by Mutual of America. Over the past 5 years, MACHX returned 9.55%/yr vs 8.97%/yr for MAAKX. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.54% expense ratio.

Performance

MACHX vs. MAAKX - Performance Comparison

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

Returns By Period

In the year-to-date period, MACHX achieves a 6.81% return, which is significantly lower than MAAKX's 11.31% return.

MACHX

• 1D: 0.52%
• 1M: 0.87%
• YTD: 6.81%
• 6M: 6.66%
• 1Y: 20.62%
• 3Y*: 16.23%
• 5Y*: 9.55%
• 10Y*: —

MAAKX

• 1D: 0.98%
• 1M: 1.61%
• YTD: 11.31%
• 6M: 10.06%
• 1Y: 24.43%
• 3Y*: 15.72%
• 5Y*: 8.97%
• 10Y*: —

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

MACHX vs. MAAKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MACHX Mutual of America Composite Fund	6.81%	18.88%	16.49%	14.56%	-12.57%	14.64%	919.15%
MAAKX Mutual of America All America Fund	11.31%	12.04%	18.57%	16.94%	-18.15%	24.66%	890.98%

Correlation

The correlation between MACHX and MAAKX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.92

The correlation between MACHX and MAAKX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

MACHX vs. MAAKX — Risk / Return Rank

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

MACHX

MACHX Risk / Return Rank: 86
MACHX Sharpe Ratio Rank: 86
MACHX Sortino Ratio Rank: 86
MACHX Omega Ratio Rank: 81
MACHX Calmar Ratio Rank: 84
MACHX Martin Ratio Rank: 93

MAAKX

MAAKX Risk / Return Rank: 67
MAAKX Sharpe Ratio Rank: 58
MAAKX Sortino Ratio Rank: 61
MAAKX Omega Ratio Rank: 56
MAAKX Calmar Ratio Rank: 74
MAAKX Martin Ratio Rank: 86

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.

MACHX vs. MAAKX - Risk-Adjusted Trends Comparison

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

	MACHX	MAAKX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.07	+0.51
Sortino ratio: Return per unit of downside risk	3.83	2.98	+0.85
Omega ratio: Gain probability vs. loss probability	1.49	1.38	+0.11
Calmar ratio: Return relative to maximum drawdown	3.73	3.19	+0.54
Martin ratio: Return relative to average drawdown	17.91	15.07	+2.84

MACHX vs. MAAKX - Sharpe Ratio Comparison

The current MACHX Sharpe Ratio is 2.59, which is comparable to the MAAKX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of MACHX and MAAKX, 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

MACHX vs. MAAKX - Drawdown Comparison

The maximum MACHX drawdown since its inception was -21.24%, smaller than the maximum MAAKX drawdown of -35.71%. Use the drawdown chart below to compare losses from any high point for MACHX and MAAKX.

Drawdown Indicators

	MACHX	MAAKX	Difference
Max Drawdown Largest peak-to-trough decline	-21.24%	-35.71%	+14.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-8.55%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	-19.43%	+4.46%
Max Drawdown (5Y) Largest decline over 5 years	-18.57%	-23.93%	+5.36%
Current Drawdown Current decline from peak	-0.90%	-0.40%	-0.50%
Average Drawdown Average peak-to-trough decline	-4.14%	-6.18%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	1.76%	-0.52%

Volatility

MACHX vs. MAAKX - Volatility Comparison

The current volatility for Mutual of America Composite Fund (MACHX) is 3.19%, while Mutual of America All America Fund (MAAKX) has a volatility of 4.31%. This indicates that MACHX experiences smaller price fluctuations and is considered to be less risky than MAAKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MACHX	MAAKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	4.31%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	10.29%	-3.03%
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	13.17%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	19.86%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	377.29%	381.27%	-3.98%

MACHX vs. MAAKX - Expense Ratio Comparison

Both MACHX and MAAKX have an expense ratio of 0.54%.

Dividends

MACHX vs. MAAKX - Dividend Comparison

MACHX's dividend yield for the trailing twelve months is around 11.00%, less than MAAKX's 15.28% yield.

Position	TTM	2025	2024	2023	2022	2021
MAAKX Mutual of America All America Fund	15.28%	17.01%	11.32%	7.30%	14.64%	8.33%
MACHX Mutual of America Composite Fund	11.00%	11.75%	8.06%	6.00%	6.23%	3.64%

Frequently Asked Questions

Can I hold both MACHX and MAAKX in my portfolio?

With a correlation of 0.92, MACHX and MAAKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MACHX or MAAKX?

MAAKX has higher volatility (4.31%) compared to MACHX (3.19%). In terms of maximum drawdown, MACHX dropped -21.24% vs MAAKX's -35.71%.

Which has better risk-adjusted returns?

MACHX currently has the higher Sharpe Ratio (2.59 vs 2.07), 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.