MGFAX vs. PRAFX
MGFAX (MassMutual Global Fund) and PRAFX (T. Rowe Price Real Assets Fund) are both Global Equities funds. Over the past 10 years, MGFAX returned 12.95%/yr vs 8.75%/yr for PRAFX. A 0.70 correlation means they provide meaningful diversification when combined. MGFAX charges 1.41%/yr vs 0.92%/yr for PRAFX.
Performance
MGFAX vs. PRAFX - Performance Comparison
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Returns By Period
In the year-to-date period, MGFAX achieves a 9.23% return, which is significantly lower than PRAFX's 11.43% return. Over the past 10 years, MGFAX has outperformed PRAFX with an annualized return of 12.95%, while PRAFX has yielded a comparatively lower 8.75% annualized return.
MGFAX
- 1D
- -1.00%
- 1M
- 4.20%
- YTD
- 9.23%
- 6M
- 8.48%
- 1Y
- 20.81%
- 3Y*
- 16.77%
- 5Y*
- 7.20%
- 10Y*
- 12.95%
PRAFX
- 1D
- 0.41%
- 1M
- -2.04%
- YTD
- 11.43%
- 6M
- 10.30%
- 1Y
- 32.26%
- 3Y*
- 16.50%
- 5Y*
- 8.17%
- 10Y*
- 8.75%
MGFAX vs. PRAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | 9.23% | 14.37% | 15.01% | 33.87% | -32.08% | 19.60% | 27.18% | 30.67% | -14.19% | 35.30% |
PRAFX T. Rowe Price Real Assets Fund | 11.43% | 29.51% | 0.32% | 6.65% | -10.24% | 25.74% | 7.02% | 19.62% | -11.55% | 10.48% |
Correlation
The correlation between MGFAX and PRAFX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2010 | 0.70 |
Over the past year, the correlation between MGFAX and PRAFX has dropped to 0.45 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
MGFAX vs. PRAFX — Risk / Return Rank
MGFAX
PRAFX
MGFAX vs. PRAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) and T. Rowe Price Real Assets Fund (PRAFX). 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.
| MGFAX | PRAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.58 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.86 | 8.81 | -3.95 |
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Drawdowns
MGFAX vs. PRAFX - Drawdown Comparison
The maximum MGFAX drawdown since its inception was -62.06%, which is greater than PRAFX's maximum drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for MGFAX and PRAFX.
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Drawdown Indicators
| MGFAX | PRAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -38.05% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -12.91% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.61% | -16.86% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -46.09% | -26.73% | -19.36% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -38.05% | -8.04% |
Current DrawdownCurrent decline from peak | -1.00% | -6.86% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -8.76% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 3.76% | +0.67% |
Volatility
MGFAX vs. PRAFX - Volatility Comparison
MassMutual Global Fund (MGFAX) has a higher volatility of 7.91% compared to T. Rowe Price Real Assets Fund (PRAFX) at 5.47%. This indicates that MGFAX's price experiences larger fluctuations and is considered to be riskier than PRAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGFAX | PRAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 5.47% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 13.92% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 16.85% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.63% | 17.75% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 18.17% | +9.48% |
MGFAX vs. PRAFX - Expense Ratio Comparison
MGFAX has a 1.41% expense ratio, which is higher than PRAFX's 0.92% expense ratio.
Dividends
MGFAX vs. PRAFX - Dividend Comparison
MGFAX's dividend yield for the trailing twelve months is around 39.97%, more than PRAFX's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | 39.97% | 43.66% | 16.85% | 30.43% | 28.11% | 15.89% | 5.05% | 0.36% | 27.78% | 12.10% | 3.75% | 8.25% |
PRAFX T. Rowe Price Real Assets Fund | 2.64% | 2.94% | 1.56% | 1.52% | 1.38% | 1.83% | 1.37% | 2.64% | 2.58% | 1.45% | 1.96% | 1.88% |
Frequently Asked Questions
MGFAX and PRAFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGFAX has higher volatility (7.91%) compared to PRAFX (5.47%). In terms of maximum drawdown, MGFAX dropped -62.06% vs PRAFX's -38.05%.
PRAFX currently has the higher Sharpe Ratio (1.98 vs 1.25), 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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