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
Returns By Period
In the year-to-date period, MOGAX achieves a 10.75% return, which is significantly lower than PUTW's 18.31% return.
MOGAX
10.75%
0.21%
6.76%
16.94%
5.28%
5.20%
PUTW
18.31%
1.76%
8.62%
21.77%
8.95%
N/A
Key characteristics
| MOGAX | PUTW | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.38 |
| Sortino Ratio | 3.30 | 3.16 |
| Omega Ratio | 1.43 | 1.49 |
| Calmar Ratio | 1.07 | 2.86 |
| Martin Ratio | 14.40 | 13.93 |
| Ulcer Index | 1.20% | 1.55% |
| Daily Std Dev | 7.40% | 9.09% |
| Max Drawdown | -25.70% | -28.40% |
| Current Drawdown | -1.93% | -0.21% |
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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.
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.
Risk-Adjusted Performance
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 1.52%, less than PUTW's 10.99% 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% |
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 10.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
MOGAX vs. PUTW - Volatility Comparison
The current volatility for MassMutual 60/40 Allocation Fund (MOGAX) is 1.94%, while WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a volatility of 2.79%. 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.