MOGAX vs. MIEYX

Last updated Apr 1, 2026

Compare and contrast key facts about MassMutual 60/40 Allocation Fund (MOGAX) and MM S&P 500 Index Fund (MIEYX).

MOGAX is managed by MassMutual. It was launched on Jun 19, 2011. MIEYX is a passively managed fund by MassMutual that tracks the performance of the S&P 500 Index. It was launched on Feb 27, 1998.

Performance

MOGAX vs. MIEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual 60/40 Allocation Fund (MOGAX) and MM S&P 500 Index Fund (MIEYX). The values are adjusted to include any dividend payments, if applicable.

MOGAX vs. MIEYX - 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%
MIEYX MM S&P 500 Index Fund	-7.16%	17.27%	24.36%	25.76%	-18.63%	28.02%	17.87%	30.98%	-5.26%	18.90%

Returns By Period

MOGAX

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

MIEYX

• 1D: -0.38%
• 1M: -7.69%
• YTD: -7.16%
• 6M: -4.84%
• 1Y: 13.91%
• 3Y*: 16.63%
• 5Y*: 10.82%
• 10Y*: 12.71%

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

MOGAX vs. MIEYX - Expense Ratio Comparison

MOGAX has a 0.61% expense ratio, which is higher than MIEYX's 0.46% expense ratio.

MOGAX

MassMutual 60/40 Allocation Fund

MIEYX

MM S&P 500 Index Fund

Return for Risk

MOGAX vs. MIEYX — Risk / Return Rank

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

MIEYX

MIEYX Risk / Return Rank: 42
MIEYX Sharpe Ratio Rank: 38
MIEYX Sortino Ratio Rank: 41
MIEYX Omega Ratio Rank: 45
MIEYX Calmar Ratio Rank: 38
MIEYX Martin Ratio Rank: 49

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. MIEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and MM S&P 500 Index Fund (MIEYX). 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.

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

Sharpe Ratios by Period

	MOGAX	MIEYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.37	—

Correlation

The correlation between MOGAX and MIEYX is 0.91, 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.

Dividends

MOGAX vs. MIEYX - Dividend Comparison

MOGAX's dividend yield for the trailing twelve months is around 3.65%, less than MIEYX's 18.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MIEYX MM S&P 500 Index Fund	18.99%	17.63%	32.89%	7.13%	33.24%	13.29%	16.29%	6.38%	19.14%	21.81%	4.19%	2.29%

Drawdowns

Drawdown Indicators

	MOGAX	MIEYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.63%	—
Current Drawdown Current decline from peak	—	-18.72%	—
Average Drawdown Average peak-to-trough decline	—	-12.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.51%	—

Volatility

Volatility by Period

	MOGAX	MIEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.14%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.48%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.54%	—