MAIFX vs. MARMX

Last updated Jun 4, 2026

MAIFX (Mutual of America International Fund) and MARMX (Mutual of America Retirement Income Fund) are both mutual funds - MAIFX is a Foreign Large Cap Equities fund managed by Mutual of America, while MARMX is a Target Retirement Date fund managed by Mutual of America. Over the past 5 years, MAIFX returned 9.03%/yr vs 3.23%/yr for MARMX. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.13% expense ratio.

Performance

MAIFX vs. MARMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America International Fund (MAIFX) and Mutual of America Retirement Income Fund (MARMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAIFX achieves a 8.55% return, which is significantly higher than MARMX's 3.75% return.

MAIFX

• 1D: 0.51%
• 1M: 3.38%
• YTD: 8.55%
• 6M: 10.99%
• 1Y: 23.91%
• 3Y*: 18.90%
• 5Y*: 9.03%
• 10Y*: —

MARMX

• 1D: 0.08%
• 1M: 1.93%
• YTD: 3.75%
• 6M: 3.95%
• 1Y: 11.47%
• 3Y*: 8.00%
• 5Y*: 3.23%
• 10Y*: —

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

MAIFX vs. MARMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MAIFX Mutual of America International Fund	8.55%	37.23%	3.22%	16.96%	-12.81%	9.11%	1,067.50%
MARMX Mutual of America Retirement Income Fund	3.75%	10.54%	5.88%	7.79%	-11.40%	3.49%	890.98%

Correlation

The correlation between MAIFX and MARMX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 29, 2020	0.70

The correlation between MAIFX and MARMX shifts across timeframes, from 0.70 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MAIFX vs. MARMX — Risk / Return Rank

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

MAIFX

MAIFX Risk / Return Rank: 33
MAIFX Sharpe Ratio Rank: 32
MAIFX Sortino Ratio Rank: 34
MAIFX Omega Ratio Rank: 32
MAIFX Calmar Ratio Rank: 35
MAIFX Martin Ratio Rank: 36

MARMX

MARMX Risk / Return Rank: 77
MARMX Sharpe Ratio Rank: 76
MARMX Sortino Ratio Rank: 82
MARMX Omega Ratio Rank: 75
MARMX Calmar Ratio Rank: 72
MARMX Martin Ratio Rank: 80

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. MARMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America International Fund (MAIFX) and Mutual of America Retirement Income Fund (MARMX). 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	MARMX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.54	-0.93
Sortino ratio: Return per unit of downside risk	2.42	3.94	-1.52
Omega ratio: Gain probability vs. loss probability	1.29	1.49	-0.20
Calmar ratio: Return relative to maximum drawdown	2.23	3.29	-1.07
Martin ratio: Return relative to average drawdown	7.91	15.05	-7.14
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. MARMX - Sharpe Ratio Comparison

The current MAIFX Sharpe Ratio is 1.62, which is lower than the MARMX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of MAIFX and MARMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAIFX	MARMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.54	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.48	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.15	+0.02

Drawdowns

MAIFX vs. MARMX - Drawdown Comparison

The maximum MAIFX drawdown since its inception was -33.70%, which is greater than MARMX's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for MAIFX and MARMX.

Drawdown Indicators

	MAIFX	MARMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-16.21%	-17.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-3.92%	-7.65%
Max Drawdown (3Y) Largest decline over 3 years	-12.87%	-5.64%	-7.23%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	-15.94%	-13.06%
Current Drawdown Current decline from peak	-2.69%	0.00%	-2.69%
Average Drawdown Average peak-to-trough decline	-6.05%	-4.28%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	0.82%	+2.27%

Volatility

MAIFX vs. MARMX - Volatility Comparison

Mutual of America International Fund (MAIFX) has a higher volatility of 5.07% compared to Mutual of America Retirement Income Fund (MARMX) at 1.76%. This indicates that MAIFX's price experiences larger fluctuations and is considered to be riskier than MARMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAIFX	MARMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	1.76%	+3.31%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	4.13%	+9.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	5.08%	+10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.33%	7.53%	+10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	379.83%	393.36%	-13.53%

MAIFX vs. MARMX - Expense Ratio Comparison

Both MAIFX and MARMX have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MAIFX vs. MARMX - Dividend Comparison

MAIFX's dividend yield for the trailing twelve months is around 3.12%, less than MARMX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021
MAIFX Mutual of America International Fund	3.12%	3.39%	1.94%	3.77%	9.48%	9.92%
MARMX Mutual of America Retirement Income Fund	4.16%	4.32%	4.16%	1.55%	5.73%	2.03%

Frequently Asked Questions

Can I hold both MAIFX and MARMX in my portfolio?

MAIFX and MARMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAIFX or MARMX?

MAIFX has higher volatility (5.07%) compared to MARMX (1.76%). In terms of maximum drawdown, MAIFX dropped -33.70% vs MARMX's -16.21%.

Which has better risk-adjusted returns?

MARMX currently has the higher Sharpe Ratio (2.54 vs 1.62), 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.