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:
0.41
PUTW:
2.00
MOGAX:
0.53
PUTW:
2.61
MOGAX:
1.11
PUTW:
1.42
MOGAX:
0.34
PUTW:
2.54
MOGAX:
2.81
PUTW:
12.14
MOGAX:
1.56%
PUTW:
1.58%
MOGAX:
10.57%
PUTW:
9.57%
MOGAX:
-25.70%
PUTW:
-28.40%
MOGAX:
-8.87%
PUTW:
-1.84%
Returns By Period
In the year-to-date period, MOGAX achieves a 2.92% return, which is significantly lower than PUTW's 18.36% return.
MOGAX
2.92%
-6.67%
-2.00%
3.65%
3.12%
4.55%
PUTW
18.36%
0.49%
6.08%
18.81%
8.65%
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 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 has not paid dividends to shareholders, while PUTW's dividend yield for the trailing twelve months is around 11.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 0.00% | 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 | 10.75% | 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
MassMutual 60/40 Allocation Fund (MOGAX) has a higher volatility of 8.18% compared to WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) at 3.35%. 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.