MainStay MacKay Strategic Bond Fund (MASAX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MASAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MASAX
MASAX charges 1.04% annually. There are 42 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | MASAX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | MASAX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | MASAX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | MASAX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | MASAX vs FPFIX |
Best Risk-Adjusted Alternatives to MASAX
MASAX has a PortfoliosLab risk / return rank of 76. There are 29 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | MASAX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | MASAX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | MASAX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | MASAX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | MASAX vs APFPX |
Top Performing MASAX Alternatives (YTD)
MASAX is at 1.16% YTD. There are 36 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | MASAX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | MASAX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | MASAX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | MASAX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | MASAX vs CELFX |
Lowest Volatility Alternatives to MASAX
MASAX has 2.43% 1-year volatility. There are 23 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | MASAX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | MASAX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | MASAX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | MASAX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | MASAX vs BGCIX |
Lowest Drawdown Alternatives to MASAX
MASAX has a 1-year max drawdown of -2.03%. There are 32 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | MASAX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | MASAX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | MASAX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | MASAX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | MASAX vs GMODX |
Other Mutual Funds from New York Life
The 10 most viewed New York Life mutual funds shown here include MLAAX, MSXAX, MHCAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 6 | -0.57% | — | Jul 1995 | MASAX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 58 | 9.05% | — | Jan 2004 | MASAX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 79 | 1.49% | — | May 1986 | MASAX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 96 | 21.42% | — | Dec 2005 | MASAX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 58 | 9.20% | — | Jan 1991 | MASAX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 74 | 0.71% | — | Jan 1991 | MASAX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 53 | 18.63% | — | Dec 1996 | MASAX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 5 | -3.70% | — | Aug 2006 | MASAX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 69 | 1.04% | — | May 2004 | MASAX vs MXFIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 92 | 17.51% | — | Dec 2008 | MASAX vs EPLCX |
Often Compared With MASAX
Investors most often compare MASAX with RPIEX, DVRUX, ICMUX. These 16 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare MASAX with Any Fund or Stock
Compare MASAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MASAX with funds that move differently
MainStay MacKay Strategic Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MASAX.
Explore MASAX Diversifiers