MARMX vs. MABDX

Last updated Jun 23, 2026

MARMX (Mutual of America Retirement Income Fund) and MABDX (Mutual of America Bond Fund) are both mutual funds - MARMX is a Target Retirement Date fund managed by Mutual of America, while MABDX is a Intermediate Core Bond fund managed by Mutual of America. Over the past 5 years, MARMX returned 3.21%/yr vs -0.35%/yr for MABDX. A 0.53 correlation means they provide meaningful diversification when combined. MARMX charges 0.13%/yr vs 0.43%/yr for MABDX.

Performance

MARMX vs. MABDX - Performance Comparison

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

Returns By Period

In the year-to-date period, MARMX achieves a 3.58% return, which is significantly higher than MABDX's 0.28% return.

MARMX

• 1D: 0.50%
• 1M: 0.83%
• YTD: 3.58%
• 6M: 3.58%
• 1Y: 10.80%
• 3Y*: 7.94%
• 5Y*: 3.21%
• 10Y*: —

MABDX

• 1D: 0.24%
• 1M: 0.91%
• YTD: 0.28%
• 6M: 0.52%
• 1Y: 4.66%
• 3Y*: 3.63%
• 5Y*: -0.35%
• 10Y*: —

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

MARMX vs. MABDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MARMX Mutual of America Retirement Income Fund	3.58%	10.54%	5.88%	7.79%	-11.40%	3.49%	890.98%
MABDX Mutual of America Bond Fund	0.28%	7.58%	0.53%	4.08%	-12.96%	-2.98%	856.05%

Correlation

The correlation between MARMX and MABDX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.53

The correlation between MARMX and MABDX has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.

Return for Risk

MARMX vs. MABDX — Risk / Return Rank

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

MARMX

MARMX Risk / Return Rank: 74
MARMX Sharpe Ratio Rank: 71
MARMX Sortino Ratio Rank: 79
MARMX Omega Ratio Rank: 73
MARMX Calmar Ratio Rank: 69
MARMX Martin Ratio Rank: 80

MABDX

MABDX Risk / Return Rank: 28
MABDX Sharpe Ratio Rank: 27
MABDX Sortino Ratio Rank: 29
MABDX Omega Ratio Rank: 25
MABDX Calmar Ratio Rank: 30
MABDX Martin Ratio Rank: 27

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.

MARMX vs. MABDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America Retirement Income Fund (MARMX) 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.

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.

	MARMX	MABDX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.39	+0.87
Sortino ratio: Return per unit of downside risk	3.46	2.08	+1.38
Omega ratio: Gain probability vs. loss probability	1.43	1.25	+0.19
Calmar ratio: Return relative to maximum drawdown	3.07	1.97	+1.11
Martin ratio: Return relative to average drawdown	13.77	5.95	+7.82

MARMX vs. MABDX - Sharpe Ratio Comparison

The current MARMX Sharpe Ratio is 2.26, which is higher than the MABDX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MARMX and MABDX, 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

MARMX vs. MABDX - Drawdown Comparison

The maximum MARMX drawdown since its inception was -16.21%, smaller than the maximum MABDX drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for MARMX and MABDX.

Drawdown Indicators

	MARMX	MABDX	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-23.20%	+6.99%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-2.69%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.64%	-6.05%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	-18.51%	+2.57%
Current Drawdown Current decline from peak	-0.16%	-9.39%	+9.23%
Average Drawdown Average peak-to-trough decline	-4.25%	-11.96%	+7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.85%	-0.01%

Volatility

MARMX vs. MABDX - Volatility Comparison

Mutual of America Retirement Income Fund (MARMX) has a higher volatility of 2.02% compared to Mutual of America Bond Fund (MABDX) at 1.18%. This indicates that MARMX'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

	MARMX	MABDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	1.18%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	4.33%	2.83%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	5.34%	3.81%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.56%	6.30%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	391.44%	374.08%	+17.36%

MARMX vs. MABDX - Expense Ratio Comparison

MARMX has a 0.13% expense ratio, which is lower than MABDX's 0.43% expense ratio.

Dividends

MARMX vs. MABDX - Dividend Comparison

MARMX's dividend yield for the trailing twelve months is around 4.17%, more than MABDX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021
MABDX Mutual of America Bond Fund	4.11%	4.10%	3.26%	2.42%	1.66%	1.77%
MARMX Mutual of America Retirement Income Fund	4.17%	4.32%	4.16%	1.55%	5.73%	2.03%

Frequently Asked Questions

Can I hold both MARMX and MABDX in my portfolio?

MARMX and MABDX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MARMX or MABDX?

MARMX has higher volatility (2.02%) compared to MABDX (1.18%). In terms of maximum drawdown, MARMX dropped -16.21% vs MABDX's -23.20%.

Which has better risk-adjusted returns?

MARMX currently has the higher Sharpe Ratio (2.26 vs 1.39), 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.