MMGEX vs. DMCRX
MMGEX (MassMutual Small Cap Growth Equity Fund) and DMCRX (Driehaus Micro Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, MMGEX returned 14.72%/yr vs 20.71%/yr for DMCRX. Their correlation of 0.91 means they have usually moved in the same direction. MMGEX charges 1.41%/yr vs 1.38%/yr for DMCRX.
Performance
MMGEX vs. DMCRX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MMGEX having a 20.51% return and DMCRX slightly lower at 19.65%. Over the past 10 years, MMGEX has underperformed DMCRX with an annualized return of 14.72%, while DMCRX has yielded a comparatively higher 20.71% annualized return.
MMGEX
- 1D
- 3.12%
- 1M
- -3.67%
- 6M
- 14.34%
- YTD
- 20.51%
- 1Y
- 35.12%
- 3Y*
- 16.33%
- 5Y*
- 5.81%
- 10Y*
- 14.72%
- ALL TIME*
- 8.20%
DMCRX
- 1D
- 3.45%
- 1M
- -6.39%
- 6M
- 13.29%
- YTD
- 19.65%
- 1Y
- 61.22%
- 3Y*
- 25.66%
- 5Y*
- 10.01%
- 10Y*
- 20.71%
- ALL TIME*
- 18.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MMGEX vs. DMCRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMGEX MassMutual Small Cap Growth Equity Fund | 20.51% | 10.66% | 14.79% | 16.35% | -26.21% | 8.52% | 40.08% | 61.40% | -5.46% | 24.28% |
DMCRX Driehaus Micro Cap Growth Fund | 19.65% | 31.17% | 30.58% | 11.47% | -33.54% | 22.23% | 86.43% | 34.03% | 2.52% | 24.35% |
Correlation
The correlation between MMGEX and DMCRX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2013 | 0.91 |
The correlation between MMGEX and DMCRX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
MMGEX vs. DMCRX — Risk / Return Rank
MMGEX
DMCRX
MMGEX vs. DMCRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) and Driehaus Micro Cap Growth Fund (DMCRX). 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.
| MMGEX | DMCRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.86 | -0.85 |
| Martin ratioReturn relative to average drawdown | 10.77 | 12.20 | -1.43 |
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Drawdowns
MMGEX vs. DMCRX - Drawdown Comparison
The maximum MMGEX drawdown since its inception was -63.65%, which is greater than DMCRX's maximum drawdown of -46.68%. Use the drawdown chart below to compare losses from any high point for MMGEX and DMCRX.
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Drawdown Indicators
| MMGEX | DMCRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -46.68% | -16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -15.46% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -34.92% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.21% | -46.68% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -51.21% | -46.68% | -4.53% |
Current DrawdownCurrent decline from peak | -6.88% | -10.71% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -23.31% | -14.71% | -8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 4.88% | -1.94% |
Volatility
MMGEX vs. DMCRX - Volatility Comparison
The current volatility for MassMutual Small Cap Growth Equity Fund (MMGEX) is 6.74%, while Driehaus Micro Cap Growth Fund (DMCRX) has a volatility of 9.43%. This indicates that MMGEX experiences smaller price fluctuations and is considered to be less risky than DMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMGEX | DMCRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 9.43% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 23.94% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 30.55% | -9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 28.79% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 28.12% | +0.92% |
MMGEX vs. DMCRX - Expense Ratio Comparison
MMGEX has a 1.41% expense ratio, which is higher than DMCRX's 1.38% expense ratio.
Dividends
MMGEX vs. DMCRX - Dividend Comparison
MMGEX's dividend yield for the trailing twelve months is around 31.48%, more than DMCRX's 11.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMCRX Driehaus Micro Cap Growth Fund | 11.47% | 13.72% | 3.86% | 0.87% | 8.20% | 48.23% | 19.79% | 14.70% | 33.22% | 8.91% | 0.00% | 4.20% |
MMGEX MassMutual Small Cap Growth Equity Fund | 31.48% | 37.94% | 8.94% | 0.00% | 0.00% | 44.40% | 10.36% | 32.83% | 29.40% | 6.91% | 0.00% | 33.83% |
Frequently Asked Questions
MMGEX and DMCRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMCRX has higher volatility (9.43%) compared to MMGEX (6.74%). In terms of maximum drawdown, MMGEX dropped -63.65% vs DMCRX's -46.68%.
DMCRX currently has the higher Sharpe Ratio (1.95 vs 1.47), 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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