MAIFX vs. FRDM

Last updated Apr 1, 2026

Compare and contrast key facts about Mutual of America International Fund (MAIFX) and Freedom 100 Emerging Markets ETF (FRDM).

MAIFX is managed by Mutual of America. It was launched on Nov 29, 2021. FRDM is a passively managed fund by Freedom Funds that tracks the performance of the Life + Liberty Freedom 100 Emerging Markets Index. It was launched on May 22, 2019.

Performance

MAIFX vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America International Fund (MAIFX) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

MAIFX vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MAIFX Mutual of America International Fund	-1.36%	37.23%	3.22%	16.96%	-12.81%	9.11%	926.37%
FRDM Freedom 100 Emerging Markets ETF	7.05%	61.27%	1.70%	22.77%	-14.45%	6.13%	15.01%

Returns By Period

In the year-to-date period, MAIFX achieves a -1.36% return, which is significantly lower than FRDM's 7.05% return.

MAIFX

• 1D: -0.73%
• 1M: -11.07%
• YTD: -1.36%
• 6M: 3.58%
• 1Y: 23.47%
• 3Y*: 15.31%
• 5Y*: 8.43%
• 10Y*: —

FRDM

• 1D: 4.49%
• 1M: -12.64%
• YTD: 7.05%
• 6M: 24.68%
• 1Y: 59.74%
• 3Y*: 26.32%
• 5Y*: 12.99%
• 10Y*: —

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

MAIFX vs. FRDM - Expense Ratio Comparison

MAIFX has a 0.13% expense ratio, which is lower than FRDM's 0.49% expense ratio.

FRDM

Freedom 100 Emerging Markets ETF

MAIFX

Mutual of America International Fund

Return for Risk

MAIFX vs. FRDM — Risk / Return Rank

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

MAIFX

MAIFX Risk / Return Rank: 78
MAIFX Sharpe Ratio Rank: 79
MAIFX Sortino Ratio Rank: 80
MAIFX Omega Ratio Rank: 76
MAIFX Calmar Ratio Rank: 77
MAIFX Martin Ratio Rank: 80

FRDM

FRDM Risk / Return Rank: 95
FRDM Sharpe Ratio Rank: 96
FRDM Sortino Ratio Rank: 96
FRDM Omega Ratio Rank: 95
FRDM Calmar Ratio Rank: 94
FRDM Martin Ratio Rank: 95

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.

MAIFX vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America International Fund (MAIFX) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	MAIFX	FRDM	Difference
Sharpe ratio Return per unit of total volatility	1.43	2.55	-1.12
Sortino ratio Return per unit of downside risk	2.01	3.15	-1.14
Omega ratio Gain probability vs. loss probability	1.29	1.47	-0.18
Calmar ratio Return relative to maximum drawdown	1.81	3.52	-1.71
Martin ratio Return relative to average drawdown	7.87	14.69	-6.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAIFX vs. FRDM - Sharpe Ratio Comparison

The current MAIFX Sharpe Ratio is 1.43, which is lower than the FRDM Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of MAIFX and FRDM, 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

	MAIFX	FRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.55	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.65	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.66	-0.49

Correlation

The correlation between MAIFX and FRDM is 0.69, 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

MAIFX vs. FRDM - Dividend Comparison

MAIFX's dividend yield for the trailing twelve months is around 3.44%, more than FRDM's 2.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
MAIFX Mutual of America International Fund	3.44%	3.39%	1.94%	3.77%	9.48%	9.92%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	2.04%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Drawdowns

MAIFX vs. FRDM - Drawdown Comparison

The maximum MAIFX drawdown since its inception was -33.70%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for MAIFX and FRDM.

Drawdown Indicators

	MAIFX	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-40.49%	+6.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-16.87%	+5.30%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	-29.25%	+0.25%
Current Drawdown Current decline from peak	-11.57%	-13.13%	+1.56%
Average Drawdown Average peak-to-trough decline	-6.10%	-7.21%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	4.04%	-1.07%

Volatility

MAIFX vs. FRDM - Volatility Comparison

The current volatility for Mutual of America International Fund (MAIFX) is 6.05%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 13.19%. This indicates that MAIFX experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAIFX	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	13.19%	-7.14%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	18.31%	-7.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	23.57%	-5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	20.00%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	385.61%	22.36%	+363.25%