MOGAX vs. PUTW
Compare and contrast key facts about MassMutual 60/40 Allocation Fund (MOGAX) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW).
MOGAX is managed by MassMutual. It was launched on Jun 19, 2011. PUTW is a passively managed fund by WisdomTree that tracks the performance of the CBOE S&P 500 PutWrite Index. It was launched on Feb 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOGAX or PUTW.
Correlation
The correlation between MOGAX and PUTW is 0.72, 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. PUTW - Performance Comparison
Key characteristics
MOGAX:
0.50
PUTW:
0.84
MOGAX:
0.66
PUTW:
1.15
MOGAX:
1.11
PUTW:
1.17
MOGAX:
0.21
PUTW:
1.17
MOGAX:
1.63
PUTW:
4.88
MOGAX:
2.83%
PUTW:
1.81%
MOGAX:
9.21%
PUTW:
10.48%
MOGAX:
-34.43%
PUTW:
-28.40%
MOGAX:
-15.82%
PUTW:
-5.20%
Returns By Period
In the year-to-date period, MOGAX achieves a 2.16% return, which is significantly higher than PUTW's -1.40% return.
MOGAX
2.16%
-0.11%
-1.46%
4.37%
2.12%
0.83%
PUTW
-1.40%
-3.83%
3.94%
9.50%
9.83%
N/A
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MOGAX vs. PUTW - Expense Ratio Comparison
MOGAX has a 0.61% expense ratio, which is higher than PUTW's 0.44% expense ratio.
Risk-Adjusted Performance
MOGAX vs. PUTW — Risk-Adjusted Performance Rank
MOGAX
PUTW
MOGAX vs. PUTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW). 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. PUTW - Dividend Comparison
MOGAX's dividend yield for the trailing twelve months is around 2.36%, less than PUTW's 12.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 2.38% | 2.41% | 1.68% | 1.84% | 3.09% | 2.19% | 2.40% | 2.90% | 3.14% | 1.56% | 1.49% | 2.45% |
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 12.41% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% | 0.00% |
Drawdowns
MOGAX vs. PUTW - Drawdown Comparison
The maximum MOGAX drawdown since its inception was -34.43%, which is greater than PUTW's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for MOGAX and PUTW. For additional features, visit the drawdowns tool.
Volatility
MOGAX vs. PUTW - Volatility Comparison
The current volatility for MassMutual 60/40 Allocation Fund (MOGAX) is 2.37%, while WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a volatility of 3.92%. This indicates that MOGAX experiences smaller price fluctuations and is considered to be less risky than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.