MMGEX vs. MOGAX

Last updated Aug 1, 2026

MMGEX (MassMutual Small Cap Growth Equity Fund) and MOGAX (MassMutual 60/40 Allocation Fund) are both mutual funds - MMGEX is a Small Cap Growth Equities fund managed by MassMutual, while MOGAX is a Diversified Portfolio fund managed by MassMutual. Their correlation of 0.82 means they have usually moved in the same direction. MMGEX charges 1.41%/yr vs 0.61%/yr for MOGAX.

Performance

MMGEX vs. MOGAX - Performance Comparison

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

Returns By Period

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%

MOGAX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MMGEX MassMutual Small Cap Growth Equity Fund	$0.00	$0.00	$0.00

MMGEX vs. MOGAX - 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%
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%

Correlation

The correlation between MMGEX and MOGAX is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011	0.82

Over the past year, the correlation between MMGEX and MOGAX has dropped to 0.19 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

MMGEX vs. MOGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MMGEX

MMGEX Risk / Return Rank: 66
MMGEX Sharpe Ratio Rank: 56
MMGEX Sortino Ratio Rank: 56
MMGEX Omega Ratio Rank: 49
MMGEX Calmar Ratio Rank: 85
MMGEX Martin Ratio Rank: 84

MOGAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MMGEX vs. MOGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) 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.

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	MOGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	10.77	—	—

Drawdowns

Drawdown Indicators

	MMGEX	MOGAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.21%	—	—
Current Drawdown Current decline from peak	-6.88%	—	—
Average Drawdown Average peak-to-trough decline	-23.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	—	—

Volatility

Volatility by Period

	MMGEX	MOGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.60%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.04%	—	—

MMGEX vs. MOGAX - Expense Ratio Comparison

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

Dividends

MMGEX vs. MOGAX - Dividend Comparison

MMGEX's dividend yield for the trailing twelve months is around 31.48%, more than MOGAX's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Frequently Asked Questions

Can I hold both MMGEX and MOGAX in my portfolio?

MMGEX and MOGAX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.