- ISIN
- US56064L5536
- Issuer
- MainStay
- Inception Date
- Nov 14, 2017
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MCYVX Performance Chart
MainStay Candriam Emerging Markets Equity Fund (MCYVX) is up 34.0% since the beginning of the year. MCYVX is currently trading at $18 per share. Investors who bought $1,000 worth of MCYVX shares 5 years ago would now be looking at an investment worth $1,384.
Loading charts...
Returns By Period
MainStay Candriam Emerging Markets Equity Fund (MCYVX) has returned 33.97% so far this year and 70.85% over the past 12 months.
MainStay Candriam Emerging Markets Equity Fund
- 1D
- 0.97%
- 1M
- 6.59%
- YTD
- 33.97%
- 6M
- 37.77%
- 1Y
- 70.85%
- 3Y*
- 28.12%
- 5Y*
- 6.71%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MCYVX Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2018, MCYVX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +15.8%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MCYVX closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +6.7%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.25% | 4.64% | -9.66% | 15.75% | 7.62% | 2.26% | 33.97% | ||||||
| 2025 | 1.17% | -0.67% | 0.10% | 0.29% | 3.86% | 7.90% | 1.03% | 4.26% | 8.75% | 3.68% | -2.39% | 2.99% | 34.98% |
| 2024 | -4.46% | 6.15% | 2.68% | 0.52% | 1.87% | 4.18% | -1.18% | 0.99% | 6.08% | -2.96% | -2.29% | 0.33% | 11.91% |
| 2023 | 9.13% | -7.52% | 3.55% | -2.43% | -1.81% | 4.04% | 5.88% | -5.45% | -3.55% | -3.91% | 7.78% | 2.65% | 6.92% |
| 2022 | -2.06% | -4.29% | -1.49% | -8.29% | 0.68% | -7.43% | -1.98% | -1.06% | -10.65% | -1.08% | 10.58% | -4.25% | -28.37% |
| 2021 | 3.29% | 1.14% | -2.63% | 3.47% | 0.75% | 2.07% | -5.51% | 1.53% | -5.59% | 1.60% | -5.04% | 1.19% | -4.28% |
Benchmark Metrics
MainStay Candriam Emerging Markets Equity Fund has an annualized alpha of 0.22%, beta of 0.61, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since March 22, 2018.
- This fund participated in 88.89% of S&P 500 Index downside but only 69.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 may look defensive, but with R2 of 0.39 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.22%
- Beta
- 0.61
- R²
- 0.39
- Upside Capture
- 69.74%
- Downside Capture
- 88.89%
Expense Ratio
MCYVX has a high expense ratio of 1.57%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MCYVX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay Candriam Emerging Markets Equity Fund (MCYVX) and compare them to S&P 500 Index.
| MCYVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.41 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 2.93 | +3.02 |
| Martin ratioReturn relative to average drawdown | 21.38 | 13.52 | +7.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
MainStay Candriam Emerging Markets Equity Fund provided a 3.93% dividend yield over the last twelve months, with an annual payout of $0.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.69 | $0.01 | $0.06 | $0.05 | $0.05 | $0.02 | $0.16 | $0.03 |
Dividend yield | 3.93% | 5.27% | 0.14% | 0.62% | 0.63% | 0.45% | 0.19% | 1.74% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Candriam Emerging Markets Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay Candriam Emerging Markets Equity 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 Candriam Emerging Markets Equity Fund was 44.62%, occurring on Oct 25, 2022. Recovery took 800 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -44.62%Oct 2022 | 1y 8mo | 3y 2mo | 4y 10moFeb 2021 - Jan 2026 |
COVID crash2020 | -35.92%Mar 2020 | 1y 12mo | 4mo 18d | 2y 4moMar 2018 - Aug 2020 |
2026 correction2026 | -12.12%Mar 2026 | 1mo 1d | 17d | 1mo 18dFeb 2026 - Apr 2026 |
2021 pullback2021 | -6.53%Jan 2021 | 3d | 10d | 13dJan 2021 - Feb 2021 |
2020 pullback2020 | -6.45%Sep 2020 | 21d | 18d | 1mo 9dSep 2020 - Oct 2020 |
Drawdown Indicators
| MCYVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.62% | -56.78% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -9.10% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.79% | -18.90% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -41.04% | -25.43% | -15.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -20.86% | -10.72% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.97% | +1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MCYVX
Add MainStay Candriam Emerging Markets Equity Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MCYVX