MainStay Balanced Fund (MBAIX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MBAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MBAIX
MBAIX charges 0.81% annually. There are 344 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MBAIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MBAIX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MBAIX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MBAIX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MBAIX vs BWBIX |
Best Risk-Adjusted Alternatives to MBAIX
MBAIX has a PortfoliosLab risk / return rank of 84. There are 58 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MBAIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MBAIX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MBAIX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | MBAIX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MBAIX vs FSRRX |
Top Performing MBAIX Alternatives (YTD)
MBAIX is at 7.70% YTD. There are 177 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | MBAIX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | MBAIX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | MBAIX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | MBAIX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | MBAIX vs BRUFX |
Lowest Volatility Alternatives to MBAIX
MBAIX has 7.04% 1-year volatility. There are 158 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | MBAIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | MBAIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MBAIX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | MBAIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MBAIX vs CSTAX |
Lowest Drawdown Alternatives to MBAIX
MBAIX has a 1-year max drawdown of -4.69%. There are 107 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MBAIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MBAIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MBAIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MBAIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MBAIX vs CSTAX |
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 | MBAIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 58 | 9.05% | — | Jan 2004 | MBAIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 79 | 1.49% | — | May 1986 | MBAIX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 96 | 21.42% | — | Dec 2005 | MBAIX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 58 | 9.20% | — | Jan 1991 | MBAIX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 74 | 0.71% | — | Jan 1991 | MBAIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 53 | 18.63% | — | Dec 1996 | MBAIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 5 | -3.70% | — | Aug 2006 | MBAIX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 69 | 1.04% | — | May 2004 | MBAIX vs MXFIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 92 | 17.51% | — | Dec 2008 | MBAIX vs EPLCX |
Often Compared With MBAIX
Investors most often compare MBAIX with QBDSX, FXAIX, CONWX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MBAIX with Any Fund or Stock
Compare MBAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MBAIX with funds that move differently
MainStay Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MBAIX.
Explore MBAIX Diversifiers