MGFAX vs. MBCSX

Last updated Jun 5, 2026

MGFAX (MassMutual Global Fund) and MBCSX (MassMutual Blue Chip Growth Fund) are both mutual funds - MGFAX is a Global Equities fund managed by MassMutual, while MBCSX is a Large Cap Growth Equities fund managed by MassMutual. Over the past 10 years, MGFAX returned 12.19%/yr vs 17.00%/yr for MBCSX. Their correlation of 0.89 suggests significant overlap in exposure. MGFAX charges 1.41%/yr vs 0.73%/yr for MBCSX.

Performance

MGFAX vs. MBCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Global Fund (MGFAX) and MassMutual Blue Chip Growth Fund (MBCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGFAX achieves a 9.09% return, which is significantly higher than MBCSX's 1.48% return. Over the past 10 years, MGFAX has underperformed MBCSX with an annualized return of 12.19%, while MBCSX has yielded a comparatively higher 17.00% annualized return.

MGFAX

• 1D: -0.13%
• 1M: 6.02%
• YTD: 9.09%
• 6M: 8.44%
• 1Y: 20.02%
• 3Y*: 16.98%
• 5Y*: 7.48%
• 10Y*: 12.19%

MBCSX

• 1D: -1.44%
• 1M: 2.40%
• YTD: 1.48%
• 6M: 1.37%
• 1Y: 15.24%
• 3Y*: 22.46%
• 5Y*: 11.44%
• 10Y*: 17.00%

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

MGFAX vs. MBCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGFAX MassMutual Global Fund	9.09%	14.37%	15.01%	33.87%	-32.08%	19.60%	27.18%	30.67%	-14.19%	35.30%
MBCSX MassMutual Blue Chip Growth Fund	1.48%	16.68%	35.05%	51.00%	-34.11%	17.05%	33.53%	38.41%	0.22%	34.43%

Correlation

The correlation between MGFAX and MBCSX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.89

The correlation between MGFAX and MBCSX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

MGFAX vs. MBCSX — Risk / Return Rank

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

MGFAX

MGFAX Risk / Return Rank: 20
MGFAX Sharpe Ratio Rank: 23
MGFAX Sortino Ratio Rank: 23
MGFAX Omega Ratio Rank: 23
MGFAX Calmar Ratio Rank: 15
MGFAX Martin Ratio Rank: 19

MBCSX

MBCSX Risk / Return Rank: 12
MBCSX Sharpe Ratio Rank: 14
MBCSX Sortino Ratio Rank: 13
MBCSX Omega Ratio Rank: 13
MBCSX Calmar Ratio Rank: 10
MBCSX Martin Ratio Rank: 11

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.

MGFAX vs. MBCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) and MassMutual Blue Chip Growth Fund (MBCSX). 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.

	MGFAX	MBCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.00	+0.36
Sortino ratio: Return per unit of downside risk	1.95	1.43	+0.53
Omega ratio: Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio: Return relative to maximum drawdown	1.31	0.91	+0.41
Martin ratio: Return relative to average drawdown	4.89	2.94	+1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGFAX vs. MBCSX - Sharpe Ratio Comparison

The current MGFAX Sharpe Ratio is 1.35, which is higher than the MBCSX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of MGFAX and MBCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGFAX	MBCSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.00	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.39	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.67	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.44	-0.11

Drawdowns

MGFAX vs. MBCSX - Drawdown Comparison

The maximum MGFAX drawdown since its inception was -62.06%, which is greater than MBCSX's maximum drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for MGFAX and MBCSX.

Drawdown Indicators

	MGFAX	MBCSX	Difference
Max Drawdown Largest peak-to-trough decline	-62.06%	-54.66%	-7.40%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-17.47%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.61%	-22.92%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-46.09%	-48.37%	+2.28%
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	-48.37%	+2.28%
Current Drawdown Current decline from peak	-0.13%	-2.58%	+2.45%
Average Drawdown Average peak-to-trough decline	-13.59%	-12.03%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	5.37%	-0.97%

Volatility

MGFAX vs. MBCSX - Volatility Comparison

MassMutual Global Fund (MGFAX) and MassMutual Blue Chip Growth Fund (MBCSX) have volatilities of 4.04% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGFAX	MBCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	4.06%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	11.94%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	15.92%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	29.82%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.57%	25.59%	+1.98%

MGFAX vs. MBCSX - Expense Ratio Comparison

MGFAX has a 1.41% expense ratio, which is higher than MBCSX's 0.73% expense ratio.

Dividends

MGFAX vs. MBCSX - Dividend Comparison

MGFAX's dividend yield for the trailing twelve months is around 40.02%, less than MBCSX's 42.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MBCSX MassMutual Blue Chip Growth Fund	42.66%	43.29%	13.12%	23.06%	18.44%	21.93%	4.59%	11.06%	6.70%	4.00%	4.77%	18.85%
MGFAX MassMutual Global Fund	40.02%	43.66%	16.85%	30.43%	28.11%	15.89%	5.05%	0.36%	27.78%	12.10%	3.75%	8.25%

Frequently Asked Questions

Can I hold both MGFAX and MBCSX in my portfolio?

MGFAX and MBCSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGFAX or MBCSX?

MBCSX has higher volatility (4.06%) compared to MGFAX (4.04%). In terms of maximum drawdown, MGFAX dropped -62.06% vs MBCSX's -54.66%.

Which has better risk-adjusted returns?

MGFAX currently has the higher Sharpe Ratio (1.35 vs 1.00), 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.