MOGAX vs. AYBLX

Last updated Jun 25, 2026

MOGAX (MassMutual 60/40 Allocation Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Their correlation of 0.89 suggests significant overlap in exposure. MOGAX charges 0.61%/yr vs 0.65%/yr for AYBLX.

Performance

MOGAX vs. AYBLX - Performance Comparison

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

Returns By Period

MOGAX

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

AYBLX

• 1D: -0.90%
• 1M: 0.72%
• YTD: 12.96%
• 6M: 12.26%
• 1Y: 29.79%
• 3Y*: 17.17%
• 5Y*: 9.27%
• 10Y*: 10.57%

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

MOGAX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
AYBLX Pioneer Balanced ESG Fund	12.96%	19.80%	9.64%	15.41%	-14.39%	15.48%	12.92%	22.22%	-4.43%	15.19%

Correlation

The correlation between MOGAX and AYBLX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011	0.89

Over the past year, the correlation between MOGAX and AYBLX has dropped to 0.35 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

MOGAX vs. AYBLX — Risk / Return Rank

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

MOGAX

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

AYBLX

AYBLX Risk / Return Rank: 94
AYBLX Sharpe Ratio Rank: 97
AYBLX Sortino Ratio Rank: 94
AYBLX Omega Ratio Rank: 89
AYBLX Calmar Ratio Rank: 94
AYBLX Martin Ratio Rank: 97

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.

MOGAX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and Pioneer Balanced ESG Fund (AYBLX). 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.

	MOGAX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.13	—
Sortino ratio: Return per unit of downside risk	—	4.40	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	4.87	—
Martin ratio: Return relative to average drawdown	—	22.57	—

Drawdowns

Drawdown Indicators

	MOGAX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.24%	—
Current Drawdown Current decline from peak	—	-1.42%	—
Average Drawdown Average peak-to-trough decline	—	-3.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.38%	—

Volatility

Volatility by Period

	MOGAX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.14%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.33%	—

MOGAX vs. AYBLX - Expense Ratio Comparison

MOGAX has a 0.61% expense ratio, which is lower than AYBLX's 0.65% expense ratio.

Dividends

MOGAX vs. AYBLX - Dividend Comparison

MOGAX's dividend yield for the trailing twelve months is around 3.65%, more than AYBLX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYBLX Pioneer Balanced ESG Fund	3.27%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%
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 MOGAX and AYBLX in my portfolio?

MOGAX and AYBLX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.