MainStay Conservative Allocation Fund (MCKIX) 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 MCKIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCKIX
MCKIX charges 0.10% annually. There are 23 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 | MCKIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MCKIX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MCKIX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MCKIX vs VTMFX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | MCKIX vs FYMIX |
Best Risk-Adjusted Alternatives to MCKIX
MCKIX has a PortfoliosLab risk / return rank of 66. There are 222 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 | MCKIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MCKIX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | MCKIX vs NWQIX | |
| Allspring Diversified Capital Builder Fund | 95 | — | Jan 1998 | MCKIX vs EKBAX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | MCKIX vs AYBLX |
Top Performing MCKIX Alternatives (YTD)
MCKIX is at 6.23% YTD. There are 295 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.76% | — | Jan 1998 | MCKIX vs EKBAX | |
| Greenspring Fund | 20.69% | — | Jun 1983 | MCKIX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.72% | — | Aug 1998 | MCKIX vs MHELX | |
| Thornburg Investment Income Builder Fund Class I | 17.68% | — | Dec 2002 | MCKIX vs TIBIX | |
| Sound Mind Investing Fund | 15.94% | — | Dec 2005 | MCKIX vs SMIFX |
Lowest Volatility Alternatives to MCKIX
MCKIX has 6.43% 1-year volatility. There are 137 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | MCKIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.82% | — | Apr 2012 | MCKIX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | MCKIX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MCKIX vs AVEFX | |
| American Funds College 2027 Fund | 3.13% | — | Sep 2012 | MCKIX vs CSTAX |
Lowest Drawdown Alternatives to MCKIX
MCKIX has a 1-year max drawdown of -5.03%. There are 135 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 | MCKIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MCKIX vs SCLAX | |
| Fidelity Strategic Real Return Fund Class K6 | -2.57% | — | Sep 2005 | MCKIX vs FSRKX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MCKIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MCKIX vs SICIX |
Other Mutual Funds from New York Life
The 10 most viewed New York Life mutual funds shown here include MLAAX, MHCAX, MSXAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 10 | 6.03% | — | Jul 1995 | MCKIX vs MLAAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 83 | 1.40% | — | May 1986 | MCKIX vs MHCAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 63 | 9.95% | — | Jan 2004 | MCKIX vs MSXAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 65 | 10.06% | — | Jan 1991 | MCKIX vs MSPIX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 91 | 18.44% | — | Dec 2005 | MCKIX vs EPSYX | |
| MainStay CBRE Real Estate Fund | REIT | 16 | 14.00% | — | Dec 1996 | MCKIX vs CRARX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 79 | 1.10% | — | Jan 1991 | MCKIX vs MSTIX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 13 | 2.62% | — | Aug 2006 | MCKIX vs KLGAX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 84 | 13.75% | — | Dec 2008 | MCKIX vs EPLCX | |
| MainStay Floating Rate Fund | Bank Loan | 64 | 0.87% | — | May 2004 | MCKIX vs MXFIX |
Often Compared With MCKIX
Investors most often compare MCKIX with BWBIX, FIQDX, FCSRX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Baron WealthBuilder Fund | Diversified Portfolio | 20 | 5.25% | — | Dec 2017 | MCKIX vs BWBIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 88 | 6.68% | — | Oct 2018 | MCKIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 82 | 6.09% | — | Sep 2005 | MCKIX vs FCSRX | |
| Standpoint Multi-Asset Fund Institutional | Diversified Portfolio | 81 | 12.91% | — | Dec 2019 | MCKIX vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 86 | 6.58% | — | Sep 2005 | MCKIX vs FSIRX | |
| Fidelity Strategic Real Return Fund | Diversified Portfolio | 87 | 6.54% | — | Sep 2005 | MCKIX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 85 | 6.49% | — | Sep 2005 | MCKIX vs FSRTX | |
| MainStay Moderate Allocation Fund | Diversified Portfolio | 62 | 8.16% | — | Apr 2005 | MCKIX vs MMRIX | |
| PGIM Real Assets Fund | Diversified Portfolio | 75 | 10.42% | — | Dec 2010 | MCKIX vs PUDZX |
Compare MCKIX with Any Fund or Stock
Compare MCKIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCKIX with funds that move differently
MainStay Conservative Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCKIX.
Explore MCKIX Diversifiers