MMIUX vs. RPSIX

Last updated Jun 24, 2026

MMIUX (MassMutual Select T. Rowe Price International Equity Fund) and RPSIX (T. Rowe Price Spectrum Income Fund) are both mutual funds - MMIUX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while RPSIX is a Multisector Bonds fund managed by T. Rowe Price. A 0.54 correlation means they provide meaningful diversification when combined. MMIUX charges 0.00%/yr vs 0.62%/yr for RPSIX.

Performance

MMIUX vs. RPSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Select T. Rowe Price International Equity Fund (MMIUX) and T. Rowe Price Spectrum Income Fund (RPSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MMIUX

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

RPSIX

• 1D: -0.18%
• 1M: 0.64%
• YTD: 1.09%
• 6M: 2.23%
• 1Y: 7.49%
• 3Y*: 7.32%
• 5Y*: 2.60%
• 10Y*: 3.87%

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

MMIUX vs. RPSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MMIUX MassMutual Select T. Rowe Price International Equity Fund	0.00%	21.71%	5.02%	15.96%	-13.89%	6.55%	10.17%	13.51%
RPSIX T. Rowe Price Spectrum Income Fund	1.09%	9.91%	5.62%	8.55%	-11.40%	2.60%	6.07%	8.07%

Correlation

The correlation between MMIUX and RPSIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019	0.54

Over the past year, the correlation between MMIUX and RPSIX has dropped to 0.18 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

MMIUX vs. RPSIX — Risk / Return Rank

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

MMIUX

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

RPSIX

RPSIX Risk / Return Rank: 83
RPSIX Sharpe Ratio Rank: 84
RPSIX Sortino Ratio Rank: 92
RPSIX Omega Ratio Rank: 86
RPSIX Calmar Ratio Rank: 70
RPSIX Martin Ratio Rank: 84

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.

MMIUX vs. RPSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Select T. Rowe Price International Equity Fund (MMIUX) and T. Rowe Price Spectrum Income Fund (RPSIX). 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.

	MMIUX	RPSIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.54	—
Sortino ratio: Return per unit of downside risk	—	4.32	—
Omega ratio: Gain probability vs. loss probability	—	1.55	—
Calmar ratio: Return relative to maximum drawdown	—	3.08	—
Martin ratio: Return relative to average drawdown	—	14.61	—

Drawdowns

Drawdown Indicators

	MMIUX	RPSIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.73%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.73%	—
Current Drawdown Current decline from peak	—	-0.35%	—
Average Drawdown Average peak-to-trough decline	—	-1.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	MMIUX	RPSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.54%	—

MMIUX vs. RPSIX - Expense Ratio Comparison

MMIUX has a 0.00% expense ratio, which is lower than RPSIX's 0.62% expense ratio.

Dividends

MMIUX vs. RPSIX - Dividend Comparison

MMIUX has not paid dividends to shareholders, while RPSIX's dividend yield for the trailing twelve months is around 7.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMIUX MassMutual Select T. Rowe Price International Equity Fund	0.00%	0.00%	9.06%	2.86%	3.03%	4.22%	1.56%	2.23%	0.00%	0.00%	0.00%	0.00%
RPSIX T. Rowe Price Spectrum Income Fund	7.54%	7.45%	6.57%	4.83%	3.99%	3.92%	3.64%	3.79%	4.73%	3.91%	3.75%	4.71%

Frequently Asked Questions

Can I hold both MMIUX and RPSIX in my portfolio?

MMIUX and RPSIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.