MOGAX vs. PUTW

Last updated Aug 1, 2026

MOGAX (MassMutual 60/40 Allocation Fund) and PUTW (WisdomTree PutWrite Strategy Fund) are both funds - MOGAX is a Diversified Portfolio fund managed by MassMutual, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MOGAX charges 0.61%/yr vs 0.44%/yr for PUTW.

Performance

MOGAX vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual 60/40 Allocation Fund (MOGAX) and WisdomTree PutWrite Strategy Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MOGAX

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

PUTW

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

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

MOGAX vs. PUTW - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020	2019	2018	2017	2016
MOGAX MassMutual 60/40 Allocation Fund	10.54%	8.82%	14.26%	-22.35%	13.74%	12.03%	24.58%	-8.02%	14.54%	14.93%
PUTW WisdomTree PutWrite Strategy Fund	-2.80%	17.19%	14.01%	-11.11%	20.92%	1.67%	13.55%	-8.07%	9.88%	12.40%

Correlation

The correlation between MOGAX and PUTW is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.70

The correlation between MOGAX and PUTW shifts across timeframes, from 0.56 (1 year) to 0.71 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MOGAX vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and WisdomTree 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

Volatility

MOGAX vs. PUTW - Expense Ratio Comparison

MOGAX has a 0.61% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

MOGAX vs. PUTW - Dividend Comparison

MOGAX's dividend yield for the trailing twelve months is around 3.65%, while PUTW has not paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOGAX MassMutual 60/40 Allocation Fund	3.65%	6.23%	3.93%	1.84%	13.14%	3.65%	13.70%	15.46%	1.02%	1.55%	3.52%
PUTW WisdomTree PutWrite Strategy Fund	0.00%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%	0.00%

Frequently Asked Questions

Can I hold both MOGAX and PUTW in my portfolio?

MOGAX and PUTW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.