SSCPX vs. MAGKX

Last updated Jun 25, 2026

SSCPX (Saratoga Small Capitalization Portfolio) and MAGKX (Mutual of America Small Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 5 years, SSCPX returned 8.61%/yr vs 3.39%/yr for MAGKX. Their correlation of 0.81 suggests significant overlap in exposure. SSCPX charges 1.70%/yr vs 0.83%/yr for MAGKX.

Performance

SSCPX vs. MAGKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Small Capitalization Portfolio (SSCPX) and Mutual of America Small Cap Growth Fund (MAGKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCPX achieves a 25.40% return, which is significantly higher than MAGKX's 21.35% return.

SSCPX

• 1D: -1.38%
• 1M: 6.71%
• YTD: 25.40%
• 6M: 22.02%
• 1Y: 36.96%
• 3Y*: 18.69%
• 5Y*: 8.61%
• 10Y*: 11.94%

MAGKX

• 1D: -1.70%
• 1M: 4.36%
• YTD: 21.35%
• 6M: 17.69%
• 1Y: 34.04%
• 3Y*: 15.06%
• 5Y*: 3.39%
• 10Y*: —

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

SSCPX vs. MAGKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SSCPX Saratoga Small Capitalization Portfolio	25.40%	6.41%	10.79%	15.16%	-17.56%	24.53%	25.39%
MAGKX Mutual of America Small Cap Growth Fund	21.35%	8.45%	9.91%	15.22%	-28.37%	9.68%	1,092.52%

Correlation

The correlation between SSCPX and MAGKX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.81

The correlation between SSCPX and MAGKX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

SSCPX vs. MAGKX — Risk / Return Rank

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

SSCPX

SSCPX Risk / Return Rank: 61
SSCPX Sharpe Ratio Rank: 56
SSCPX Sortino Ratio Rank: 54
SSCPX Omega Ratio Rank: 47
SSCPX Calmar Ratio Rank: 81
SSCPX Martin Ratio Rank: 67

MAGKX

MAGKX Risk / Return Rank: 72
MAGKX Sharpe Ratio Rank: 62
MAGKX Sortino Ratio Rank: 63
MAGKX Omega Ratio Rank: 53
MAGKX Calmar Ratio Rank: 90
MAGKX Martin Ratio Rank: 91

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.

SSCPX vs. MAGKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Small Capitalization Portfolio (SSCPX) and Mutual of America Small Cap Growth Fund (MAGKX). 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.

	SSCPX	MAGKX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.00	-0.08
Sortino ratio: Return per unit of downside risk	2.68	2.85	-0.17
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	3.38	4.14	-0.77
Martin ratio: Return relative to average drawdown	11.48	16.07	-4.59

SSCPX vs. MAGKX - Sharpe Ratio Comparison

The current SSCPX Sharpe Ratio is 1.92, which is comparable to the MAGKX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SSCPX and MAGKX, 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

SSCPX vs. MAGKX - Drawdown Comparison

The maximum SSCPX drawdown since its inception was -53.65%, which is greater than MAGKX's maximum drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for SSCPX and MAGKX.

Drawdown Indicators

	SSCPX	MAGKX	Difference
Max Drawdown Largest peak-to-trough decline	-53.65%	-41.67%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-9.81%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-24.90%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-27.78%	-41.67%	+13.89%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	—	—
Current Drawdown Current decline from peak	-1.38%	-1.70%	+0.32%
Average Drawdown Average peak-to-trough decline	-10.23%	-19.70%	+9.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.45%	+0.94%

Volatility

SSCPX vs. MAGKX - Volatility Comparison

Saratoga Small Capitalization Portfolio (SSCPX) and Mutual of America Small Cap Growth Fund (MAGKX) have volatilities of 6.42% and 6.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSCPX	MAGKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	6.45%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	15.64%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	20.30%	20.32%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	27.77%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	384.07%	-361.05%

SSCPX vs. MAGKX - Expense Ratio Comparison

SSCPX has a 1.70% expense ratio, which is higher than MAGKX's 0.83% expense ratio.

Dividends

SSCPX vs. MAGKX - Dividend Comparison

SSCPX's dividend yield for the trailing twelve months is around 7.19%, more than MAGKX's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGKX Mutual of America Small Cap Growth Fund	0.78%	0.94%	1.62%	0.00%	5.47%	17.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSCPX Saratoga Small Capitalization Portfolio	7.19%	9.02%	11.37%	0.00%	10.18%	24.67%	0.02%	0.00%	17.42%	0.00%	0.00%	58.90%

Frequently Asked Questions

Can I hold both SSCPX and MAGKX in my portfolio?

SSCPX and MAGKX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSCPX or MAGKX?

MAGKX has higher volatility (6.45%) compared to SSCPX (6.42%). In terms of maximum drawdown, SSCPX dropped -53.65% vs MAGKX's -41.67%.

Which has better risk-adjusted returns?

MAGKX currently has the higher Sharpe Ratio (2.00 vs 1.92), 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.