MGFAX vs. MOGAX

Last updated Apr 1, 2026

Compare and contrast key facts about MassMutual Global Fund (MGFAX) and MassMutual 60/40 Allocation Fund (MOGAX).

MGFAX is managed by MassMutual. It was launched on Dec 30, 2004. MOGAX is managed by MassMutual. It was launched on Jun 19, 2011.

Performance

MGFAX vs. MOGAX - Performance Comparison

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

MGFAX vs. MOGAX - 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%
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

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%

MOGAX

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

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

MGFAX vs. MOGAX - Expense Ratio Comparison

MGFAX has a 1.41% expense ratio, which is higher than MOGAX's 0.61% expense ratio.

MGFAX

MassMutual Global Fund

MOGAX

MassMutual 60/40 Allocation Fund

Return for Risk

MGFAX vs. MOGAX — Risk / Return Rank

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

MGFAX

MGFAX Risk / Return Rank: 9
MGFAX Sharpe Ratio Rank: 10
MGFAX Sortino Ratio Rank: 10
MGFAX Omega Ratio Rank: 10
MGFAX Calmar Ratio Rank: 8
MGFAX Martin Ratio Rank: 9

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. MOGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) 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.

	MGFAX	MOGAX	Difference
Sharpe ratio Return per unit of total volatility	0.23	—	—
Sortino ratio Return per unit of downside risk	0.47	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.13	—	—
Martin ratio Return relative to average drawdown	0.49	—	—
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

	MGFAX	MOGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	—	—

Correlation

The correlation between MGFAX and MOGAX is 0.87, 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. MOGAX - Dividend Comparison

MGFAX's dividend yield for the trailing twelve months is around 50.47%, more than MOGAX's 3.65% 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%
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

	MGFAX	MOGAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	—	—
Current Drawdown Current decline from peak	-16.38%	—	—
Average Drawdown Average peak-to-trough decline	-13.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	—	—

Volatility

Volatility by Period

	MGFAX	MOGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	—	—