PRPFX vs. MOGAX

Last updated Apr 1, 2026

Compare and contrast key facts about Permanent Portfolio Permanent Portfolio (PRPFX) and MassMutual 60/40 Allocation Fund (MOGAX).

PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982. MOGAX is managed by MassMutual. It was launched on Jun 19, 2011.

Performance

PRPFX vs. MOGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Permanent Portfolio Permanent Portfolio (PRPFX) and MassMutual 60/40 Allocation Fund (MOGAX). The values are adjusted to include any dividend payments, if applicable.

PRPFX vs. MOGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRPFX Permanent Portfolio Permanent Portfolio	2.72%	28.78%	19.36%	11.96%	-5.48%	10.87%	18.80%	19.20%	-7.02%	11.42%
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%

Returns By Period

PRPFX

• 1D: -0.31%
• 1M: -7.34%
• YTD: 2.72%
• 6M: 8.96%
• 1Y: 25.00%
• 3Y*: 19.97%
• 5Y*: 12.20%
• 10Y*: 10.84%

MOGAX

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

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

PRPFX vs. MOGAX - Expense Ratio Comparison

PRPFX has a 0.81% expense ratio, which is higher than MOGAX's 0.61% expense ratio.

PRPFX

Permanent Portfolio Permanent Portfolio

MOGAX

MassMutual 60/40 Allocation Fund

Return for Risk

PRPFX vs. MOGAX — Risk / Return Rank

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

PRPFX

PRPFX Risk / Return Rank: 91
PRPFX Sharpe Ratio Rank: 90
PRPFX Sortino Ratio Rank: 87
PRPFX Omega Ratio Rank: 90
PRPFX Calmar Ratio Rank: 94
PRPFX Martin Ratio Rank: 92

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.

PRPFX vs. MOGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Permanent Portfolio (PRPFX) and MassMutual 60/40 Allocation Fund (MOGAX). 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.

	PRPFX	MOGAX	Difference
Sharpe ratio Return per unit of total volatility	1.86	—	—
Sortino ratio Return per unit of downside risk	2.31	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	3.07	—	—
Martin ratio Return relative to average drawdown	11.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PRPFX	MOGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	—	—

Correlation

The correlation between PRPFX and MOGAX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PRPFX vs. MOGAX - Dividend Comparison

PRPFX's dividend yield for the trailing twelve months is around 3.18%, less than MOGAX's 3.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRPFX Permanent Portfolio Permanent Portfolio	3.18%	3.27%	1.86%	1.39%	1.58%	2.05%	5.38%	4.69%	6.90%	2.14%	0.95%	7.06%
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%

Drawdowns

Drawdown Indicators

	PRPFX	MOGAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.84%	—	—
Current Drawdown Current decline from peak	-8.10%	—	—
Average Drawdown Average peak-to-trough decline	-3.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	—	—

Volatility

Volatility by Period

	PRPFX	MOGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.57%	—	—