MOGAX vs. CRAZX
Compare and contrast key facts about MassMutual 60/40 Allocation Fund (MOGAX) and Columbia Adaptive Risk Allocation Fund (CRAZX).
MOGAX is managed by MassMutual. It was launched on Jun 19, 2011. CRAZX is managed by Columbia Threadneedle. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOGAX or CRAZX.
Key characteristics
| MOGAX | CRAZX | |
|---|---|---|
| YTD Return | 9.93% | 9.49% |
| 1Y Return | 17.61% | 16.39% |
| 3Y Return (Ann) | 0.16% | 1.28% |
| 5Y Return (Ann) | 5.73% | 5.22% |
| 10Y Return (Ann) | 5.23% | 5.33% |
| Sharpe Ratio | 2.10 | 1.81 |
| Daily Std Dev | 8.27% | 8.81% |
| Max Drawdown | -25.70% | -18.21% |
| Current Drawdown | -2.66% | -0.40% |
Correlation
The correlation between MOGAX and CRAZX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MOGAX vs. CRAZX - Performance Comparison
The year-to-date returns for both stocks are quite close, with MOGAX having a 9.93% return and CRAZX slightly lower at 9.49%. Both investments have delivered pretty close results over the past 10 years, with MOGAX having a 5.23% annualized return and CRAZX not far ahead at 5.33%. 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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MOGAX vs. CRAZX - Expense Ratio Comparison
MOGAX has a 0.61% expense ratio, which is lower than CRAZX's 0.74% expense ratio.
Risk-Adjusted Performance
MOGAX vs. CRAZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and Columbia Adaptive Risk Allocation Fund (CRAZX). 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
MOGAX vs. CRAZX - Dividend Comparison
MOGAX's dividend yield for the trailing twelve months is around 3.58%, more than CRAZX's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 3.58% | 3.93% | 1.84% | 13.14% | 3.65% | 13.70% | 15.46% | 4.16% | 1.55% | 3.51% | 12.66% | 8.22% |
CRAZX Columbia Adaptive Risk Allocation Fund | 0.50% | 0.55% | 8.14% | 20.39% | 2.12% | 7.51% | 6.22% | 7.19% | 2.21% | 1.03% | 2.06% | 5.11% |
Drawdowns
MOGAX vs. CRAZX - Drawdown Comparison
The maximum MOGAX drawdown since its inception was -25.70%, which is greater than CRAZX's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for MOGAX and CRAZX. For additional features, visit the drawdowns tool.
Volatility
MOGAX vs. CRAZX - Volatility Comparison
MassMutual 60/40 Allocation Fund (MOGAX) and Columbia Adaptive Risk Allocation Fund (CRAZX) have volatilities of 2.11% and 2.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.