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:
0.78
PUTW:
1.67
MOGAX:
0.99
PUTW:
2.19
MOGAX:
1.17
PUTW:
1.34
MOGAX:
0.33
PUTW:
2.21
MOGAX:
2.94
PUTW:
9.98
MOGAX:
2.44%
PUTW:
1.67%
MOGAX:
9.23%
PUTW:
9.96%
MOGAX:
-34.43%
PUTW:
-28.40%
MOGAX:
-15.45%
PUTW:
-0.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with MOGAX having a 2.62% return and PUTW slightly lower at 2.52%.
MOGAX
2.62%
2.74%
1.49%
7.03%
1.27%
1.01%
PUTW
2.52%
2.76%
9.74%
16.16%
9.10%
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 2.35%, less than PUTW's 11.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 2.35% | 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 | 11.86% | 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 2.25%, while WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a volatility of 3.44%. 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.