- ISIN
- US56063U5056
- CUSIP
- 56063U505
- Issuer
- New York Life
- Inception Date
- Apr 3, 2005
- Category
- Diversified Portfolio
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MCKIX Performance Chart
MainStay Conservative Allocation Fund (MCKIX) is up 6.2% since the beginning of the year. MCKIX is currently trading at $13 per share. Investors who bought $1,000 worth of MCKIX shares 5 years ago would now be looking at an investment worth $1,255.
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Returns By Period
MainStay Conservative Allocation Fund (MCKIX) has returned 6.23% so far this year and 14.10% over the past 12 months. Over the last ten years, MCKIX has returned 5.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MainStay Conservative Allocation Fund
- 1D
- 0.61%
- 1M
- 1.31%
- YTD
- 6.23%
- 6M
- 6.06%
- 1Y
- 14.10%
- 3Y*
- 9.74%
- 5Y*
- 4.64%
- 10Y*
- 5.73%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MCKIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2005, MCKIX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.3%, while the worst month was Oct 2008 at -9.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MCKIX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +4.6%, while the worst single day was Mar 16, 2020 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.52% | 1.42% | -3.58% | 4.40% | 2.19% | 0.31% | 6.23% | ||||||
| 2025 | 1.92% | -0.57% | -2.07% | 0.34% | 2.04% | 2.43% | 0.16% | 1.71% | 1.44% | 1.03% | 0.63% | 0.23% | 9.60% |
| 2024 | 0.34% | 0.77% | 1.84% | -2.60% | 2.32% | 1.09% | 2.26% | 1.31% | 1.55% | -1.92% | 3.19% | -2.99% | 7.16% |
| 2023 | 4.81% | -2.12% | 0.83% | 0.54% | -1.34% | 2.36% | 1.60% | -1.14% | -2.74% | -2.02% | 5.82% | 4.49% | 11.15% |
| 2022 | -3.42% | -1.29% | -0.03% | -4.83% | 0.34% | -5.41% | 5.01% | -2.69% | -6.05% | 3.62% | 4.32% | -2.10% | -12.54% |
| 2021 | -0.47% | 0.63% | 1.01% | 2.39% | 1.05% | 0.47% | 0.96% | 0.88% | -2.04% | 2.17% | -1.39% | 2.05% | 7.88% |
Benchmark Metrics
MainStay Conservative Allocation Fund has an annualized alpha of 1.71%, beta of 0.38, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since April 04, 2005.
- This fund participated in 51.18% of S&P 500 Index downside but only 46.79% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.71%
- Beta
- 0.38
- R²
- 0.88
- Upside Capture
- 46.79%
- Downside Capture
- 51.18%
Expense Ratio
MCKIX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
MCKIX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay Conservative Allocation Fund (MCKIX) and compare them to S&P 500 Index.
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.
| MCKIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.78 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.30 | 12.44 | -0.14 |
Dividends
Dividend History
MainStay Conservative Allocation Fund provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.56 | $0.56 | $0.32 | $0.42 | $1.00 | $0.67 | $0.33 | $0.67 | $0.42 | $0.20 | $0.48 |
Dividend yield | 4.48% | 4.49% | 4.71% | 2.73% | 3.85% | 7.78% | 5.21% | 2.73% | 6.12% | 3.35% | 1.66% | 4.25% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Conservative Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.18 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.28 | $0.42 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.92 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay Conservative Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay Conservative Allocation Fund was 25.69%, occurring on Mar 9, 2009. Recovery took 209 trading sessions.
The current MainStay Conservative Allocation Fund drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -25.69%Mar 2009 | 1y 4mo | 10mo 2d | 2y 2moNov 2007 - Jan 2010 |
COVID crash2020 | -19.18%Mar 2020 | 1mo 2d | 3mo 24d | 4mo 26dFeb 2020 - Jul 2020 |
Bear market2022 | -18.17%Oct 2022 | 11mo 8d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
Rate-hike selloffLate 2018 | -11.33%Dec 2018 | 10mo 29d | 6mo 10d | 1y 5moJan 2018 - Jul 2019 |
2016 correction2016 | -10.97%Feb 2016 | 9mo 20d | 6mo 2d | 1y 3moApr 2015 - Aug 2016 |
Drawdown Indicators
| MCKIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -56.78% | +31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -9.10% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -18.90% | +9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -25.43% | +7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -33.92% | +14.74% |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -10.71% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.03% | -0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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