MEFAX vs. RIPIX
MEFAX (MassMutual Mid Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, MEFAX returned 1.70%/yr vs -4.45%/yr for RIPIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MEFAX charges 1.20%/yr vs 1.04%/yr for RIPIX.
Performance
MEFAX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, MEFAX achieves a 4.02% return, which is significantly higher than RIPIX's 1.92% return.
MEFAX
- 1D
- 0.78%
- 1M
- -2.45%
- 6M
- 2.68%
- YTD
- 4.02%
- 1Y
- 6.84%
- 3Y*
- 6.66%
- 5Y*
- 1.70%
- 10Y*
- 9.85%
- ALL TIME*
- 8.56%
RIPIX
- 1D
- 2.16%
- 1M
- -0.16%
- 6M
- 1.27%
- YTD
- 1.92%
- 1Y
- -2.65%
- 3Y*
- 2.08%
- 5Y*
- -4.45%
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MEFAX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MEFAX MassMutual Mid Cap Growth Fund | 4.02% | 3.19% | 10.80% | 19.11% | -24.58% | 13.75% | 25.52% | 40.75% | -8.38% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between MEFAX and RIPIX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.65 |
The correlation between MEFAX and RIPIX has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
MEFAX vs. RIPIX — Risk / Return Rank
MEFAX
RIPIX
MEFAX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Mid Cap Growth Fund (MEFAX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| MEFAX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.98 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.17 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.53 | -0.43 | +1.96 |
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Drawdowns
MEFAX vs. RIPIX - Drawdown Comparison
The maximum MEFAX drawdown since its inception was -56.04%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for MEFAX and RIPIX.
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Drawdown Indicators
| MEFAX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.04% | -41.89% | -14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -15.33% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -17.28% | -17.18% |
Max Drawdown (5Y)Largest decline over 5 years | -45.14% | -41.89% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -45.14% | — | — |
Current DrawdownCurrent decline from peak | -15.26% | -24.88% | +9.62% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -18.16% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 6.21% | -3.25% |
Volatility
MEFAX vs. RIPIX - Volatility Comparison
The current volatility for MassMutual Mid Cap Growth Fund (MEFAX) is 2.87%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.62%. This indicates that MEFAX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEFAX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 4.62% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 11.56% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 13.80% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.52% | 15.54% | +11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 16.13% | +7.77% |
MEFAX vs. RIPIX - Expense Ratio Comparison
MEFAX has a 1.20% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
MEFAX vs. RIPIX - Dividend Comparison
MEFAX's dividend yield for the trailing twelve months is around 32.84%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEFAX MassMutual Mid Cap Growth Fund | 32.84% | 34.16% | 21.40% | 7.62% | 20.71% | 29.49% | 6.92% | 12.81% | 12.06% | 7.66% | 5.32% | 10.27% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEFAX and RIPIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.62%) compared to MEFAX (2.87%). In terms of maximum drawdown, MEFAX dropped -56.04% vs RIPIX's -41.89%.
MEFAX currently has the higher Sharpe Ratio (0.30 vs -0.19), 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.
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