MMTRX vs. CGSM
Compare and contrast key facts about MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) and Capital Group Short Duration Municipal Income ETF (CGSM).
MMTRX is managed by T. Rowe Price. It was launched on Feb 15, 2018. CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMTRX or CGSM.
Key characteristics
| MMTRX | CGSM | |
|---|---|---|
| YTD Return | 13.67% | 3.65% |
| 1Y Return | 24.10% | 6.72% |
| Sharpe Ratio | 1.57 | 3.37 |
| Sortino Ratio | 2.36 | 5.31 |
| Omega Ratio | 1.48 | 1.77 |
| Calmar Ratio | 1.82 | 5.83 |
| Martin Ratio | 6.80 | 22.33 |
| Ulcer Index | 3.43% | 0.30% |
| Daily Std Dev | 14.81% | 1.99% |
| Max Drawdown | -28.45% | -1.15% |
| Current Drawdown | 0.00% | -0.52% |
Correlation
The correlation between MMTRX and CGSM is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MMTRX vs. CGSM - Performance Comparison
In the year-to-date period, MMTRX achieves a 13.67% return, which is significantly higher than CGSM's 3.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MMTRX vs. CGSM - Expense Ratio Comparison
MMTRX has a 0.37% expense ratio, which is higher than CGSM's 0.25% expense ratio.
Risk-Adjusted Performance
MMTRX vs. CGSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) and Capital Group Short Duration Municipal Income ETF (CGSM). 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.
Dividends
MMTRX vs. CGSM - Dividend Comparison
MMTRX's dividend yield for the trailing twelve months is around 2.00%, less than CGSM's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
MMTRX MassMutual Select T. Rowe Price Retirement 2030 Fund | 2.00% | 2.27% | 2.98% | 3.75% | 1.72% | 2.14% | 2.06% |
CGSM Capital Group Short Duration Municipal Income ETF | 3.14% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MMTRX vs. CGSM - Drawdown Comparison
The maximum MMTRX drawdown since its inception was -28.45%, which is greater than CGSM's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for MMTRX and CGSM. For additional features, visit the drawdowns tool.
Volatility
MMTRX vs. CGSM - Volatility Comparison
MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) has a higher volatility of 2.17% compared to Capital Group Short Duration Municipal Income ETF (CGSM) at 0.92%. This indicates that MMTRX's price experiences larger fluctuations and is considered to be riskier than CGSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.