MOGAX vs. SIFAX

Last updated Jun 4, 2026

MOGAX (MassMutual 60/40 Allocation Fund) and SIFAX (SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund) are both Diversified Portfolio funds. At a 0.32 correlation, their price movements are largely independent. MOGAX charges 0.61%/yr vs 0.90%/yr for SIFAX.

Performance

MOGAX vs. SIFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual 60/40 Allocation Fund (MOGAX) and SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MOGAX

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

SIFAX

• 1D: 0.12%
• 1M: -1.50%
• YTD: 8.08%
• 6M: 7.70%
• 1Y: 12.43%
• 3Y*: 7.51%
• 5Y*: 5.83%
• 10Y*: 3.55%

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

MOGAX vs. SIFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOGAX MassMutual 60/40 Allocation Fund	0.00%	10.54%	8.82%	14.26%	-22.35%	13.74%	12.03%	24.58%	-8.02%	14.54%
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund	8.08%	7.82%	4.08%	-1.74%	8.48%	10.83%	-1.59%	5.68%	-3.64%	-1.96%

Correlation

The correlation between MOGAX and SIFAX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.32

The correlation between MOGAX and SIFAX shifts across timeframes, from -0.06 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MOGAX vs. SIFAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIFAX

SIFAX Risk / Return Rank: 73
SIFAX Sharpe Ratio Rank: 62
SIFAX Sortino Ratio Rank: 64
SIFAX Omega Ratio Rank: 62
SIFAX Calmar Ratio Rank: 93
SIFAX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MOGAX vs. SIFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX). 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.

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

Sharpe Ratios by Period

	MOGAX	SIFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.34	—

Drawdowns

Drawdown Indicators

	MOGAX	SIFAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.62%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.69%	—
Current Drawdown Current decline from peak	—	-1.83%	—
Average Drawdown Average peak-to-trough decline	—	-8.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.75%	—

Volatility

Volatility by Period

	MOGAX	SIFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.41%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.22%	—

MOGAX vs. SIFAX - Expense Ratio Comparison

MOGAX has a 0.61% expense ratio, which is lower than SIFAX's 0.90% expense ratio.

Dividends

MOGAX vs. SIFAX - Dividend Comparison

MOGAX's dividend yield for the trailing twelve months is around 3.65%, less than SIFAX's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOGAX MassMutual 60/40 Allocation Fund	3.65%	3.65%	6.23%	3.93%	1.84%	13.14%	3.65%	13.70%	15.46%	1.02%	1.55%	3.52%
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund	4.21%	4.55%	3.25%	3.82%	11.90%	7.89%	1.45%	1.49%	1.90%	1.39%	1.15%	0.48%

Frequently Asked Questions

Can I hold both MOGAX and SIFAX in my portfolio?

MOGAX and SIFAX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.