Correlation
The correlation between MOGAX and PUTW is 0.79, 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.
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.
Performance
MOGAX vs. PUTW - Performance Comparison
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Key characteristics
MOGAX:
0.87
PUTW:
0.36
MOGAX:
1.17
PUTW:
0.55
MOGAX:
1.16
PUTW:
1.09
MOGAX:
0.82
PUTW:
0.36
MOGAX:
3.38
PUTW:
1.26
MOGAX:
2.41%
PUTW:
3.96%
MOGAX:
10.21%
PUTW:
14.24%
MOGAX:
-25.70%
PUTW:
-28.40%
MOGAX:
-0.60%
PUTW:
-6.09%
Returns By Period
In the year-to-date period, MOGAX achieves a 3.08% return, which is significantly higher than PUTW's -2.33% return.
MOGAX
3.08%
2.96%
-0.18%
8.87%
6.69%
8.02%
6.48%
PUTW
-2.33%
1.30%
-4.21%
5.30%
7.40%
11.06%
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.
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Dividends
MOGAX vs. PUTW - Dividend Comparison
MOGAX's dividend yield for the trailing twelve months is around 6.04%, less than PUTW's 12.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 6.04% | 6.23% | 3.93% | 11.13% | 13.14% | 3.64% | 13.70% | 15.46% | 4.16% | 1.56% | 7.75% | 16.46% |
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 12.55% | 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 -25.70%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for MOGAX and PUTW.
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Volatility
MOGAX vs. PUTW - Volatility Comparison
MassMutual 60/40 Allocation Fund (MOGAX) has a higher volatility of 2.40% compared to WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) at 2.00%. This indicates that MOGAX's price experiences larger fluctuations and is considered to be riskier than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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