PRPFX vs. MOGAX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRPFX or MOGAX.
Key characteristics
| PRPFX | MOGAX | |
|---|---|---|
| YTD Return | 16.10% | 10.28% |
| 1Y Return | 22.44% | 17.70% |
| 3Y Return (Ann) | 8.21% | 0.27% |
| 5Y Return (Ann) | 10.88% | 5.76% |
| 10Y Return (Ann) | 7.17% | 5.27% |
| Sharpe Ratio | 2.39 | 2.05 |
| Daily Std Dev | 9.26% | 8.27% |
| Max Drawdown | -27.16% | -25.70% |
| Current Drawdown | 0.00% | -2.35% |
Correlation
The correlation between PRPFX and MOGAX is 0.71, 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
PRPFX vs. MOGAX - Performance Comparison
In the year-to-date period, PRPFX achieves a 16.10% return, which is significantly higher than MOGAX's 10.28% return. Over the past 10 years, PRPFX has outperformed MOGAX with an annualized return of 7.17%, while MOGAX has yielded a comparatively lower 5.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRPFX vs. MOGAX - Expense Ratio Comparison
PRPFX has a 0.81% expense ratio, which is higher than MOGAX's 0.61% expense ratio.
Risk-Adjusted Performance
PRPFX vs. MOGAX - Risk-Adjusted Performance 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.
Dividends
PRPFX vs. MOGAX - Dividend Comparison
PRPFX's dividend yield for the trailing twelve months is around 1.20%, less than MOGAX's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 1.20% | 1.39% | 1.58% | 2.05% | 5.38% | 2.83% | 7.78% | 2.14% | 0.95% | 7.06% | 8.01% | 10.68% |
MOGAX MassMutual 60/40 Allocation Fund | 3.57% | 3.93% | 1.84% | 13.14% | 3.65% | 13.70% | 15.46% | 4.16% | 1.55% | 3.51% | 12.66% | 8.22% |
Drawdowns
PRPFX vs. MOGAX - Drawdown Comparison
The maximum PRPFX drawdown since its inception was -27.16%, which is greater than MOGAX's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for PRPFX and MOGAX. For additional features, visit the drawdowns tool.
Volatility
PRPFX vs. MOGAX - Volatility Comparison
Permanent Portfolio Permanent Portfolio (PRPFX) has a higher volatility of 2.94% compared to MassMutual 60/40 Allocation Fund (MOGAX) at 2.13%. This indicates that PRPFX's price experiences larger fluctuations and is considered to be riskier than MOGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.