MCBDX vs. MOGAX

Last updated Apr 1, 2026

Compare and contrast key facts about MassMutual Core Bond Fund (MCBDX) and MassMutual 60/40 Allocation Fund (MOGAX).

MCBDX is managed by MassMutual. It was launched on Sep 30, 1994. MOGAX is managed by MassMutual. It was launched on Jun 19, 2011.

Performance

MCBDX vs. MOGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Core Bond Fund (MCBDX) and MassMutual 60/40 Allocation Fund (MOGAX). The values are adjusted to include any dividend payments, if applicable.

MCBDX vs. MOGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCBDX MassMutual Core Bond Fund	-0.81%	8.03%	1.13%	6.64%	-15.29%	38.26%	8.42%	9.62%	-0.48%	4.60%
MOGAX MassMutual 60/40 Allocation Fund	0.00%	10.54%	8.82%	14.26%	-22.35%	13.74%	12.03%	24.58%	-8.02%	14.54%

Returns By Period

MCBDX

• 1D: 0.44%
• 1M: -2.45%
• YTD: -0.81%
• 6M: 0.17%
• 1Y: 4.43%
• 3Y*: 4.01%
• 5Y*: 6.72%
• 10Y*: 5.36%

MOGAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MCBDX vs. MOGAX - Expense Ratio Comparison

MCBDX has a 0.52% expense ratio, which is lower than MOGAX's 0.61% expense ratio.

MOGAX

MassMutual 60/40 Allocation Fund

MCBDX

MassMutual Core Bond Fund

Return for Risk

MCBDX vs. MOGAX — Risk / Return Rank

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

MCBDX

MCBDX Risk / Return Rank: 62
MCBDX Sharpe Ratio Rank: 64
MCBDX Sortino Ratio Rank: 64
MCBDX Omega Ratio Rank: 50
MCBDX Calmar Ratio Rank: 76
MCBDX Martin Ratio Rank: 57

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.

MCBDX vs. MOGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Core Bond Fund (MCBDX) and MassMutual 60/40 Allocation Fund (MOGAX). 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.

	MCBDX	MOGAX	Difference
Sharpe ratio Return per unit of total volatility	1.15	—	—
Sortino ratio Return per unit of downside risk	1.63	—	—
Omega ratio Gain probability vs. loss probability	1.21	—	—
Calmar ratio Return relative to maximum drawdown	1.78	—	—
Martin ratio Return relative to average drawdown	5.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MCBDX	MOGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	—	—

Correlation

The correlation between MCBDX and MOGAX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MCBDX vs. MOGAX - Dividend Comparison

MCBDX's dividend yield for the trailing twelve months is around 4.14%, more than MOGAX's 3.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCBDX MassMutual Core Bond Fund	4.14%	4.50%	1.93%	4.62%	3.83%	31.12%	5.98%	3.35%	3.32%	2.96%	3.29%	1.43%
MOGAX MassMutual 60/40 Allocation Fund	3.65%	3.65%	6.23%	3.93%	1.84%	13.14%	3.65%	13.70%	15.46%	1.02%	1.55%	3.52%

Drawdowns

Drawdown Indicators

	MCBDX	MOGAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.01%	—	—
Current Drawdown Current decline from peak	-5.73%	—	—
Average Drawdown Average peak-to-trough decline	-3.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	MCBDX	MOGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	—	—