MUROX vs. MSCI

Last updated Jun 23, 2026

MUROX (Mutual of America 2055 Retirement Fund) is Target Retirement Date fund managed by Mutual of America, while MSCI (MSCI Inc.) is a stock. Over the past 5 years, MUROX returned 8.62%/yr vs 3.22%/yr for MSCI. At a 0.47 correlation, their price movements are largely independent.

Performance

MUROX vs. MSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America 2055 Retirement Fund (MUROX) and MSCI Inc. (MSCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUROX achieves a 10.29% return, which is significantly higher than MSCI's 2.01% return.

MUROX

• 1D: 1.02%
• 1M: 1.66%
• YTD: 10.29%
• 6M: 9.61%
• 1Y: 24.83%
• 3Y*: 16.41%
• 5Y*: 8.62%
• 10Y*: —

MSCI

• 1D: -0.06%
• 1M: -1.31%
• YTD: 2.01%
• 6M: 1.49%
• 1Y: 8.11%
• 3Y*: 9.02%
• 5Y*: 3.22%
• 10Y*: 24.29%

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

MUROX vs. MSCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MUROX Mutual of America 2055 Retirement Fund	10.29%	18.33%	14.65%	15.94%	-16.52%	18.58%	943.28%
MSCI MSCI Inc.	2.01%	-3.17%	7.31%	22.90%	-23.34%	38.14%	74.38%

Correlation

The correlation between MUROX and MSCI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.47

Over the past year, the correlation between MUROX and MSCI has dropped to 0.24 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

MUROX vs. MSCI — Risk / Return Rank

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

MUROX

MUROX Risk / Return Rank: 72
MUROX Sharpe Ratio Rank: 66
MUROX Sortino Ratio Rank: 72
MUROX Omega Ratio Rank: 63
MUROX Calmar Ratio Rank: 73
MUROX Martin Ratio Rank: 84

MSCI

MSCI Risk / Return Rank: 50
MSCI Sharpe Ratio Rank: 52
MSCI Sortino Ratio Rank: 45
MSCI Omega Ratio Rank: 46
MSCI Calmar Ratio Rank: 53
MSCI Martin Ratio Rank: 54

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.

MUROX vs. MSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America 2055 Retirement Fund (MUROX) and MSCI Inc. (MSCI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MUROX	MSCI	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.28	+1.91
Sortino ratio: Return per unit of downside risk	3.23	0.59	+2.64
Omega ratio: Gain probability vs. loss probability	1.40	1.08	+0.32
Calmar ratio: Return relative to maximum drawdown	3.14	0.45	+2.69
Martin ratio: Return relative to average drawdown	14.61	1.16	+13.45

MUROX vs. MSCI - Sharpe Ratio Comparison

The current MUROX Sharpe Ratio is 2.19, which is higher than the MSCI Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of MUROX and MSCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MUROX vs. MSCI - Drawdown Comparison

The maximum MUROX drawdown since its inception was -33.58%, smaller than the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MUROX and MSCI.

Drawdown Indicators

	MUROX	MSCI	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-69.06%	+35.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-18.07%	+9.30%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-25.99%	+10.27%
Max Drawdown (5Y) Largest decline over 5 years	-23.84%	-43.74%	+19.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.74%	—
Current Drawdown Current decline from peak	-0.22%	-9.78%	+9.56%
Average Drawdown Average peak-to-trough decline	-5.53%	-13.07%	+7.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	7.00%	-5.19%

Volatility

MUROX vs. MSCI - Volatility Comparison

The current volatility for Mutual of America 2055 Retirement Fund (MUROX) is 4.15%, while MSCI Inc. (MSCI) has a volatility of 8.23%. This indicates that MUROX experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUROX	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	8.23%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	21.10%	-11.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	28.90%	-16.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	30.74%	-13.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	377.91%	31.20%	+346.71%

Dividends

MUROX vs. MSCI - Dividend Comparison

MUROX's dividend yield for the trailing twelve months is around 7.20%, more than MSCI's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSCI MSCI Inc.	1.33%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%
MUROX Mutual of America 2055 Retirement Fund	7.20%	7.95%	6.25%	2.08%	10.92%	3.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUROX and MSCI in my portfolio?

MUROX and MSCI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MUROX or MSCI?

MSCI has higher volatility (8.23%) compared to MUROX (4.15%). In terms of maximum drawdown, MUROX dropped -33.58% vs MSCI's -69.06%.

Which has better risk-adjusted returns?

MUROX currently has the higher Sharpe Ratio (2.19 vs 0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.