MARMX vs. MAVKX

Last updated Aug 1, 2026

MARMX (Mutual of America Retirement Income Fund) and MAVKX (Mutual of America Small Cap Value Fund) are both mutual funds - MARMX is a Target Retirement Date fund managed by Mutual of America, while MAVKX is a Small Cap Value Equities fund managed by Mutual of America. Over the past 5 years, MARMX returned 2.82%/yr vs 6.54%/yr for MAVKX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MARMX charges 0.13%/yr vs 0.82%/yr for MAVKX.

Performance

MARMX vs. MAVKX - 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 Small Cap Value Fund (MAVKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MARMX achieves a 3.12% return, which is significantly lower than MAVKX's 17.69% return.

MARMX

• 1D: 0.59%
• 1M: -0.42%
• 6M: 2.07%
• YTD: 3.12%
• 1Y: 7.95%
• 3Y*: 7.38%
• 5Y*: 2.82%
• 10Y*: —
• ALL TIME*: 50.00%

MAVKX

• 1D: 0.67%
• 1M: -0.54%
• 6M: 10.55%
• YTD: 17.69%
• 1Y: 24.96%
• 3Y*: 9.79%
• 5Y*: 6.54%
• 10Y*: —
• ALL TIME*: 50.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MARMX Mutual of America Retirement Income Fund	$0.00	$0.00	$0.00
MAVKX Mutual of America Small Cap Value Fund	$0.00	$0.00	$0.00

MARMX vs. MAVKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MARMX Mutual of America Retirement Income Fund	3.12%	10.54%	5.88%	7.79%	-11.40%	3.49%	890.98%
MAVKX Mutual of America Small Cap Value Fund	17.69%	2.04%	10.56%	7.14%	-9.93%	31.43%	1,133.94%

Correlation

The correlation between MARMX and MAVKX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.63

The correlation between MARMX and MAVKX has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

MARMX vs. MAVKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MARMX

MARMX Risk / Return Rank: 66
MARMX Sharpe Ratio Rank: 60
MARMX Sortino Ratio Rank: 65
MARMX Omega Ratio Rank: 60
MARMX Calmar Ratio Rank: 65
MARMX Martin Ratio Rank: 78

MAVKX

MAVKX Risk / Return Rank: 66
MAVKX Sharpe Ratio Rank: 59
MAVKX Sortino Ratio Rank: 67
MAVKX Omega Ratio Rank: 54
MAVKX Calmar Ratio Rank: 79
MAVKX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MARMX vs. MAVKX - 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 Small Cap Value Fund (MAVKX). 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	MAVKX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.54	-0.02
Sortino ratio: Return per unit of downside risk	2.32	2.37	-0.05
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.23	2.66	-0.43
Martin ratio: Return relative to average drawdown	9.65	9.33	+0.32

MARMX vs. MAVKX - Sharpe Ratio Comparison

The current MARMX Sharpe Ratio is 1.53, which is comparable to the MAVKX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of MARMX and MAVKX, 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. MAVKX - Drawdown Comparison

The maximum MARMX drawdown since its inception was -16.21%, smaller than the maximum MAVKX drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for MARMX and MAVKX.

Drawdown Indicators

	MARMX	MAVKX	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-44.74%	+28.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-9.34%	+5.42%
Max Drawdown (3Y) Largest decline over 3 years	-5.36%	-25.00%	+19.64%
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	-25.00%	+9.06%
Current Drawdown Current decline from peak	-0.75%	-1.79%	+1.04%
Average Drawdown Average peak-to-trough decline	-4.17%	-8.85%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	2.59%	-1.72%

Volatility

MARMX vs. MAVKX - Volatility Comparison

The current volatility for Mutual of America Retirement Income Fund (MARMX) is 1.45%, while Mutual of America Small Cap Value Fund (MAVKX) has a volatility of 3.40%. This indicates that MARMX experiences smaller price fluctuations and is considered to be less risky than MAVKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MARMX	MAVKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	3.40%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	4.62%	10.75%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	16.11%	-10.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.61%	21.47%	-13.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	387.40%	377.23%	+10.17%

MARMX vs. MAVKX - Expense Ratio Comparison

MARMX has a 0.13% expense ratio, which is lower than MAVKX's 0.82% expense ratio.

Dividends

MARMX vs. MAVKX - Dividend Comparison

MARMX's dividend yield for the trailing twelve months is around 4.47%, more than MAVKX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021
MARMX Mutual of America Retirement Income Fund	4.47%	4.32%	4.16%	1.55%	5.73%	2.03%
MAVKX Mutual of America Small Cap Value Fund	4.31%	5.14%	5.56%	4.59%	10.13%	6.98%

Frequently Asked Questions

Can I hold both MARMX and MAVKX in my portfolio?

MARMX and MAVKX have a correlation of 0.67, 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 MAVKX?

MAVKX has higher volatility (3.40%) compared to MARMX (1.45%). In terms of maximum drawdown, MARMX dropped -16.21% vs MAVKX's -44.74%.

Which has better risk-adjusted returns?

MAVKX currently has the higher Sharpe Ratio (1.54 vs 1.53), 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.