Correlation
The correlation between MOGAX and VOO is 0.93, 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.
MOGAX vs. VOO
Compare and contrast key facts about MassMutual 60/40 Allocation Fund (MOGAX) and Vanguard S&P 500 ETF (VOO).
MOGAX is managed by MassMutual. It was launched on Jun 19, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOGAX or VOO.
Performance
MOGAX vs. VOO - Performance Comparison
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Key characteristics
MOGAX:
0.87
VOO:
0.74
MOGAX:
1.17
VOO:
1.04
MOGAX:
1.16
VOO:
1.15
MOGAX:
0.82
VOO:
0.68
MOGAX:
3.38
VOO:
2.58
MOGAX:
2.41%
VOO:
4.93%
MOGAX:
10.21%
VOO:
19.54%
MOGAX:
-25.70%
VOO:
-33.99%
MOGAX:
-0.60%
VOO:
-3.55%
Returns By Period
In the year-to-date period, MOGAX achieves a 3.08% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, MOGAX has underperformed VOO with an annualized return of 6.48%, while VOO has yielded a comparatively higher 12.81% annualized return.
MOGAX
3.08%
3.08%
-0.18%
8.13%
6.69%
8.02%
6.48%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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MOGAX vs. VOO - Expense Ratio Comparison
MOGAX has a 0.61% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MOGAX vs. VOO — Risk-Adjusted Performance Rank
MOGAX
VOO
MOGAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual 60/40 Allocation Fund (MOGAX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
MOGAX vs. VOO - Dividend Comparison
MOGAX's dividend yield for the trailing twelve months is around 6.04%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOGAX MassMutual 60/40 Allocation Fund | 6.04% | 6.23% | 3.93% | 11.13% | 13.14% | 3.64% | 13.70% | 15.46% | 4.16% | 1.56% | 7.75% | 16.46% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
MOGAX vs. VOO - Drawdown Comparison
The maximum MOGAX drawdown since its inception was -25.70%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MOGAX and VOO.
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Volatility
MOGAX vs. VOO - Volatility Comparison
The current volatility for MassMutual 60/40 Allocation Fund (MOGAX) is 2.40%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that MOGAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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