MOGAX vs. PRPFX
Compare and contrast key facts about MassMutual 60/40 Allocation Fund (MOGAX) and Permanent Portfolio Permanent Portfolio (PRPFX).
MOGAX is managed by MassMutual. It was launched on Jun 19, 2011. PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOGAX or PRPFX.
Performance
MOGAX vs. PRPFX - Performance Comparison
Returns By Period
In the year-to-date period, MOGAX achieves a 10.40% return, which is significantly lower than PRPFX's 23.13% return. Over the past 10 years, MOGAX has underperformed PRPFX with an annualized return of 5.21%, while PRPFX has yielded a comparatively higher 7.88% annualized return.
MOGAX
10.40%
-0.32%
5.70%
16.85%
5.22%
5.21%
PRPFX
23.13%
1.24%
12.80%
28.16%
12.10%
7.88%
Key characteristics
| MOGAX | PRPFX | |
|---|---|---|
| Sharpe Ratio | 2.26 | 3.12 |
| Sortino Ratio | 3.22 | 4.30 |
| Omega Ratio | 1.42 | 1.57 |
| Calmar Ratio | 1.02 | 6.53 |
| Martin Ratio | 14.00 | 22.43 |
| Ulcer Index | 1.19% | 1.26% |
| Daily Std Dev | 7.39% | 9.09% |
| Max Drawdown | -25.70% | -27.16% |
| Current Drawdown | -2.24% | -0.33% |
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MOGAX vs. PRPFX - Expense Ratio Comparison
MOGAX has a 0.61% expense ratio, which is lower than PRPFX's 0.81% expense ratio.
Correlation
The correlation between MOGAX and PRPFX is 0.70, 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.
Risk-Adjusted Performance
MOGAX vs. PRPFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and Permanent Portfolio Permanent Portfolio (PRPFX). 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. PRPFX - Dividend Comparison
MOGAX's dividend yield for the trailing twelve months is around 1.52%, more than PRPFX's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 1.52% | 1.68% | 1.84% | 3.09% | 2.19% | 2.40% | 2.90% | 3.14% | 1.56% | 1.49% | 2.45% | 2.43% |
PRPFX Permanent Portfolio Permanent Portfolio | 0.53% | 0.65% | 0.31% | 0.36% | 0.93% | 0.97% | 0.88% | 0.82% | 0.82% | 1.19% | 0.68% | 0.58% |
Drawdowns
MOGAX vs. PRPFX - Drawdown Comparison
The maximum MOGAX drawdown since its inception was -25.70%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for MOGAX and PRPFX. For additional features, visit the drawdowns tool.
Volatility
MOGAX vs. PRPFX - Volatility Comparison
The current volatility for MassMutual 60/40 Allocation Fund (MOGAX) is 1.95%, while Permanent Portfolio Permanent Portfolio (PRPFX) has a volatility of 2.49%. This indicates that MOGAX experiences smaller price fluctuations and is considered to be less risky than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.