MRMAX vs. NDARX
Compare and contrast key facts about MassMutual 40/60 Allocation Fund (MRMAX) and American Funds Retirement Income Portfolio - Enhanced (NDARX).
MRMAX is managed by MassMutual. It was launched on Jun 19, 2011. NDARX is managed by American Funds. It was launched on Aug 27, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRMAX or NDARX.
Correlation
The correlation between MRMAX and NDARX is 0.90, 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
MRMAX vs. NDARX - Performance Comparison
Key characteristics
MRMAX:
1.41
NDARX:
2.24
MRMAX:
1.91
NDARX:
3.06
MRMAX:
1.27
NDARX:
1.42
MRMAX:
0.54
NDARX:
3.49
MRMAX:
5.53
NDARX:
13.78
MRMAX:
1.65%
NDARX:
1.20%
MRMAX:
6.45%
NDARX:
7.41%
MRMAX:
-24.23%
NDARX:
-23.62%
MRMAX:
-9.06%
NDARX:
-0.07%
Returns By Period
In the year-to-date period, MRMAX achieves a 2.47% return, which is significantly lower than NDARX's 4.24% return.
MRMAX
2.47%
1.79%
1.64%
8.22%
1.02%
1.28%
NDARX
4.24%
2.59%
6.03%
15.28%
6.01%
N/A
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MRMAX vs. NDARX - Expense Ratio Comparison
MRMAX has a 0.61% expense ratio, which is higher than NDARX's 0.34% expense ratio.
Risk-Adjusted Performance
MRMAX vs. NDARX — Risk-Adjusted Performance Rank
MRMAX
NDARX
MRMAX vs. NDARX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual 40/60 Allocation Fund (MRMAX) and American Funds Retirement Income Portfolio - Enhanced (NDARX). 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
MRMAX vs. NDARX - Dividend Comparison
MRMAX's dividend yield for the trailing twelve months is around 2.76%, less than NDARX's 2.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRMAX MassMutual 40/60 Allocation Fund | 2.76% | 2.82% | 2.16% | 2.03% | 2.64% | 2.68% | 1.84% | 2.78% | 2.66% | 1.68% | 1.85% | 2.49% |
NDARX American Funds Retirement Income Portfolio - Enhanced | 2.91% | 3.03% | 3.03% | 2.93% | 2.25% | 2.59% | 2.61% | 2.88% | 2.39% | 2.50% | 0.71% | 0.00% |
Drawdowns
MRMAX vs. NDARX - Drawdown Comparison
The maximum MRMAX drawdown since its inception was -24.23%, roughly equal to the maximum NDARX drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for MRMAX and NDARX. For additional features, visit the drawdowns tool.
Volatility
MRMAX vs. NDARX - Volatility Comparison
The current volatility for MassMutual 40/60 Allocation Fund (MRMAX) is 1.45%, while American Funds Retirement Income Portfolio - Enhanced (NDARX) has a volatility of 1.93%. This indicates that MRMAX experiences smaller price fluctuations and is considered to be less risky than NDARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.