Correlation
The correlation between MEFAX and VIIIX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MEFAX vs. VIIIX
Compare and contrast key facts about MassMutual Mid Cap Growth Fund (MEFAX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
MEFAX is managed by MassMutual. It was launched on May 31, 2000. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEFAX or VIIIX.
Performance
MEFAX vs. VIIIX - Performance Comparison
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Key characteristics
MEFAX:
0.17
VIIIX:
0.73
MEFAX:
0.28
VIIIX:
1.04
MEFAX:
1.04
VIIIX:
1.15
MEFAX:
0.08
VIIIX:
0.69
MEFAX:
0.25
VIIIX:
2.62
MEFAX:
8.02%
VIIIX:
4.92%
MEFAX:
21.09%
VIIIX:
19.77%
MEFAX:
-56.04%
VIIIX:
-55.18%
MEFAX:
-10.31%
VIIIX:
-3.42%
Returns By Period
In the year-to-date period, MEFAX achieves a -3.41% return, which is significantly lower than VIIIX's 1.05% return. Over the past 10 years, MEFAX has underperformed VIIIX with an annualized return of 8.24%, while VIIIX has yielded a comparatively higher 12.83% annualized return.
MEFAX
-3.41%
6.04%
-8.94%
3.27%
6.87%
7.23%
8.24%
VIIIX
1.05%
5.63%
-1.37%
13.48%
14.38%
15.92%
12.83%
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MEFAX vs. VIIIX - Expense Ratio Comparison
MEFAX has a 1.20% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Risk-Adjusted Performance
MEFAX vs. VIIIX — Risk-Adjusted Performance Rank
MEFAX
VIIIX
MEFAX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Mid Cap Growth Fund (MEFAX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
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Dividends
MEFAX vs. VIIIX - Dividend Comparison
MEFAX's dividend yield for the trailing twelve months is around 22.16%, more than VIIIX's 2.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEFAX MassMutual Mid Cap Growth Fund | 22.16% | 21.40% | 7.62% | 20.71% | 29.49% | 6.92% | 6.40% | 12.06% | 7.66% | 5.32% | 10.27% | 12.42% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.55% | 2.59% | 2.98% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% | 1.90% |
Drawdowns
MEFAX vs. VIIIX - Drawdown Comparison
The maximum MEFAX drawdown since its inception was -56.04%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MEFAX and VIIIX.
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Volatility
MEFAX vs. VIIIX - Volatility Comparison
MassMutual Mid Cap Growth Fund (MEFAX) has a higher volatility of 5.71% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 4.78%. This indicates that MEFAX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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