MGFAX vs. MIEYX
Compare and contrast key facts about MassMutual Global Fund (MGFAX) and MM S&P 500 Index Fund (MIEYX).
MGFAX is managed by MassMutual. It was launched on Dec 30, 2004. MIEYX is a passively managed fund by MassMutual that tracks the performance of the S&P 500 Index. It was launched on Feb 27, 1998.
Performance
MGFAX vs. MIEYX - Performance Comparison
Loading graphics...
MGFAX vs. MIEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | -13.50% | 14.37% | 15.01% | 33.87% | -32.08% | 19.60% | 27.18% | 30.67% | -14.19% | 35.30% |
MIEYX MM S&P 500 Index Fund | -7.16% | 17.27% | 24.36% | 25.76% | -18.63% | 28.02% | 17.87% | 30.98% | -5.26% | 18.90% |
Returns By Period
In the year-to-date period, MGFAX achieves a -13.50% return, which is significantly lower than MIEYX's -7.16% return. Over the past 10 years, MGFAX has underperformed MIEYX with an annualized return of 9.83%, while MIEYX has yielded a comparatively higher 12.71% annualized return.
MGFAX
- 1D
- -0.48%
- 1M
- -10.80%
- YTD
- -13.50%
- 6M
- -10.60%
- 1Y
- 4.81%
- 3Y*
- 10.23%
- 5Y*
- 4.17%
- 10Y*
- 9.83%
MIEYX
- 1D
- -0.38%
- 1M
- -7.69%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.91%
- 3Y*
- 16.63%
- 5Y*
- 10.82%
- 10Y*
- 12.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MGFAX vs. MIEYX - Expense Ratio Comparison
MGFAX has a 1.41% expense ratio, which is higher than MIEYX's 0.46% expense ratio.
Return for Risk
MGFAX vs. MIEYX — Risk / Return Rank
MGFAX
MIEYX
MGFAX vs. MIEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) and MM S&P 500 Index Fund (MIEYX). 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 | MIEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.80 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.25 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.00 | -0.88 |
Martin ratioReturn relative to average drawdown | 0.49 | 4.87 | -4.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MGFAX | MIEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.80 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.43 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.57 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.37 | -0.09 |
Correlation
The correlation between MGFAX and MIEYX is 0.89, 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.
Dividends
MGFAX vs. MIEYX - Dividend Comparison
MGFAX's dividend yield for the trailing twelve months is around 50.47%, more than MIEYX's 18.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | 50.47% | 43.66% | 16.85% | 30.43% | 28.11% | 15.89% | 5.05% | 0.36% | 27.78% | 12.10% | 3.75% | 8.25% |
MIEYX MM S&P 500 Index Fund | 18.99% | 17.63% | 32.89% | 7.13% | 33.24% | 13.29% | 16.29% | 6.38% | 19.14% | 21.81% | 4.19% | 2.29% |
Drawdowns
MGFAX vs. MIEYX - Drawdown Comparison
The maximum MGFAX drawdown since its inception was -62.06%, which is greater than MIEYX's maximum drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for MGFAX and MIEYX.
Loading graphics...
Drawdown Indicators
| MGFAX | MIEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -55.63% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -12.18% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -46.09% | -36.63% | -9.46% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -36.63% | -9.46% |
Current DrawdownCurrent decline from peak | -16.38% | -18.72% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -12.60% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.51% | +1.76% |
Volatility
MGFAX vs. MIEYX - Volatility Comparison
MassMutual Global Fund (MGFAX) has a higher volatility of 5.70% compared to MM S&P 500 Index Fund (MIEYX) at 4.26%. This indicates that MGFAX's price experiences larger fluctuations and is considered to be riskier than MIEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MGFAX | MIEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.26% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 9.09% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 18.14% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.39% | 25.48% | +7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.51% | 22.54% | +4.97% |