MOGAX vs. MHELX

Last updated Jun 25, 2026

MOGAX (MassMutual 60/40 Allocation Fund) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. A 0.74 correlation means they provide meaningful diversification when combined. MOGAX charges 0.61%/yr vs 1.25%/yr for MHELX.

Performance

MOGAX vs. MHELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual 60/40 Allocation Fund (MOGAX) and MH Elite Small Cap Fund of Funds Fund (MHELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MOGAX

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

MHELX

• 1D: 0.50%
• 1M: 4.53%
• YTD: 20.86%
• 6M: 19.40%
• 1Y: 37.71%
• 3Y*: 16.10%
• 5Y*: 5.13%
• 10Y*: 9.58%

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

MOGAX vs. MHELX - 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%
MHELX MH Elite Small Cap Fund of Funds Fund	20.86%	3.45%	12.51%	16.30%	-20.27%	14.07%	20.57%	22.49%	-12.76%	12.42%

Correlation

The correlation between MOGAX and MHELX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011	0.74

The correlation between MOGAX and MHELX shifts across timeframes, from -0.01 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MOGAX vs. MHELX — 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.

MHELX

MHELX Risk / Return Rank: 75
MHELX Sharpe Ratio Rank: 64
MHELX Sortino Ratio Rank: 63
MHELX Omega Ratio Rank: 64
MHELX Calmar Ratio Rank: 93
MHELX Martin Ratio Rank: 90

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. MHELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and MH Elite Small Cap Fund of Funds Fund (MHELX). 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	MHELX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.92	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	4.80	—
Martin ratio: Return relative to average drawdown	—	16.13	—

Drawdowns

Drawdown Indicators

	MOGAX	MHELX	Difference
Max Drawdown Largest peak-to-trough decline	—	-61.24%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.02%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-12.91%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.53%	—

Volatility

Volatility by Period

	MOGAX	MHELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.69%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.98%	—

MOGAX vs. MHELX - Expense Ratio Comparison

MOGAX has a 0.61% expense ratio, which is lower than MHELX's 1.25% expense ratio.

Dividends

MOGAX vs. MHELX - Dividend Comparison

MOGAX's dividend yield for the trailing twelve months is around 3.65%, less than MHELX's 5.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MHELX MH Elite Small Cap Fund of Funds Fund	5.97%	0.00%	2.19%	0.00%	14.45%	5.03%	2.70%	6.13%	0.00%	5.17%	5.51%	6.93%
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 MHELX in my portfolio?

MOGAX and MHELX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.