MMGEX vs. VSGIX
MMGEX (MassMutual Small Cap Growth Equity Fund) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 10 years, MMGEX returned 14.72%/yr vs 10.77%/yr for VSGIX. Their 0.97 correlation means they have historically moved very closely together. MMGEX charges 1.41%/yr vs 0.06%/yr for VSGIX.
Performance
MMGEX vs. VSGIX - Performance Comparison
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Returns By Period
In the year-to-date period, MMGEX achieves a 20.51% return, which is significantly higher than VSGIX's 13.37% return. Over the past 10 years, MMGEX has outperformed VSGIX with an annualized return of 14.72%, while VSGIX has yielded a comparatively lower 10.77% 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%
VSGIX
- 1D
- 2.22%
- 1M
- -4.69%
- 6M
- 9.37%
- YTD
- 13.37%
- 1Y
- 23.57%
- 3Y*
- 13.22%
- 5Y*
- 4.18%
- 10Y*
- 10.77%
- ALL TIME*
- 9.29%
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. VSGIX - 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% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 13.37% | 8.44% | 14.95% | 23.07% | -28.39% | 5.70% | 35.29% | 32.77% | -5.70% | 21.94% |
Correlation
The correlation between MMGEX and VSGIX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 24, 2000 | 0.97 |
The correlation between MMGEX and VSGIX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
MMGEX vs. VSGIX — Risk / Return Rank
MMGEX
VSGIX
MMGEX vs. VSGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). 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 | VSGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.77 | +1.24 |
| Martin ratioReturn relative to average drawdown | 10.77 | 6.04 | +4.73 |
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Drawdowns
MMGEX vs. VSGIX - Drawdown Comparison
The maximum MMGEX drawdown since its inception was -63.65%, which is greater than VSGIX's maximum drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for MMGEX and VSGIX.
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Drawdown Indicators
| MMGEX | VSGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -58.66% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -11.38% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -27.47% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -51.21% | -38.36% | -12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -51.21% | -38.70% | -12.51% |
Current DrawdownCurrent decline from peak | -6.88% | -6.65% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -23.31% | -11.29% | -12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.35% | -0.41% |
Volatility
MMGEX vs. VSGIX - Volatility Comparison
MassMutual Small Cap Growth Equity Fund (MMGEX) has a higher volatility of 6.74% compared to Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) at 5.23%. This indicates that MMGEX's price experiences larger fluctuations and is considered to be riskier than VSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMGEX | VSGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 5.23% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 16.14% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 20.71% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 23.74% | +8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 23.03% | +6.01% |
MMGEX vs. VSGIX - Expense Ratio Comparison
MMGEX has a 1.41% expense ratio, which is higher than VSGIX's 0.06% expense ratio.
Dividends
MMGEX vs. VSGIX - Dividend Comparison
MMGEX's dividend yield for the trailing twelve months is around 31.48%, more than VSGIX's 0.45% 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% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.45% | 0.55% | 0.55% | 0.68% | 0.56% | 0.37% | 0.45% | 0.58% | 0.80% | 0.82% | 1.09% | 0.98% |
Frequently Asked Questions
With a correlation of 0.94, MMGEX and VSGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MMGEX has higher volatility (6.74%) compared to VSGIX (5.23%). In terms of maximum drawdown, MMGEX dropped -63.65% vs VSGIX's -58.66%.
MMGEX currently has the higher Sharpe Ratio (1.47 vs 0.97), 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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