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 Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | MCKIX vs VBAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MCKIX vs VTMFX |
Best Risk-Adjusted Alternatives to MCKIX
MCKIX has a PortfoliosLab risk / return rank of 64. There are 218 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 | 97 | — | Dec 2002 | MCKIX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | MCKIX vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | MCKIX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | MCKIX vs AOBLX |
Top Performing MCKIX Alternatives (YTD)
MCKIX is at 6.06% YTD. There are 316 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 33.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 33.29% | — | Jan 1998 | MCKIX vs EKBAX | |
| Greenspring Fund | 20.03% | — | Jun 1983 | MCKIX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.01% | — | Aug 1998 | MCKIX vs MHELX | |
| ICON Equity Income Fund | 16.48% | — | May 2004 | MCKIX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 15.32% | — | Dec 2002 | MCKIX vs TIBIX |
Lowest Volatility Alternatives to MCKIX
MCKIX has 6.45% 1-year volatility. There are 135 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 | MCKIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.84% | — | Nov 2003 | MCKIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | MCKIX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MCKIX vs AVEFX | |
| American Funds College 2027 Fund | 3.10% | — | 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 | |
| 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 | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MCKIX 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 | 8 | 4.78% | — | Jul 1995 | MCKIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 61 | 10.60% | — | Jan 2004 | MCKIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 85 | 1.89% | — | May 1986 | MCKIX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 93 | 20.48% | — | Dec 2005 | MCKIX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 63 | 10.73% | — | Jan 1991 | MCKIX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 81 | 1.26% | — | Jan 1991 | MCKIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 34 | 16.45% | — | Dec 1996 | MCKIX vs CRARX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 88 | 16.61% | — | Dec 2008 | MCKIX vs EPLCX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 11 | 2.81% | — | Aug 2006 | MCKIX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 64 | 1.28% | — | May 2004 | MCKIX vs MXFIX |
Often Compared With MCKIX
Investors most often compare MCKIX with FIQDX, BWBIX, FSRKX. These 13 comparison targets span 1 categories, based on PortfoliosLab usage data.
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