- ISIN
- US56063U7607
- CUSIP
- 56063U760
- 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
MGDIX Performance Chart
MainStay Growth Allocation Fund (MGDIX) is up 10.4% since the beginning of the year. MGDIX is currently trading at $18 per share. Investors who bought $1,000 worth of MGDIX shares 5 years ago would now be looking at an investment worth $1,422.
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Returns By Period
MainStay Growth Allocation Fund (MGDIX) has returned 10.42% so far this year and 21.89% over the past 12 months. Over the last ten years, MGDIX has returned 8.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
MainStay Growth Allocation Fund
- 1D
- 0.28%
- 1M
- 4.38%
- YTD
- 10.42%
- 6M
- 10.82%
- 1Y
- 21.89%
- 3Y*
- 14.09%
- 5Y*
- 7.29%
- 10Y*
- 8.66%
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%
MGDIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2005, MGDIX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Oct 2011 with a return of +10.2%, while the worst month was Oct 2008 at -15.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MGDIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +9.3%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.50% | 1.37% | -5.40% | 7.81% | 3.62% | 0.55% | 10.42% | ||||||
| 2025 | 3.20% | -1.84% | -3.74% | 0.13% | 3.95% | 3.35% | 0.31% | 2.48% | 1.88% | 1.19% | 0.82% | 0.54% | 12.70% |
| 2024 | 0.07% | 2.79% | 2.65% | -3.65% | 3.07% | 1.08% | 2.51% | 1.41% | 1.57% | -1.96% | 4.97% | -4.49% | 9.98% |
| 2023 | 6.08% | -2.29% | 0.37% | 0.44% | -1.38% | 4.79% | 2.81% | -2.12% | -3.71% | -2.76% | 7.54% | 4.66% | 14.52% |
| 2022 | -4.84% | -1.59% | 1.74% | -6.60% | 0.41% | -7.58% | 6.89% | -3.29% | -7.87% | 7.15% | 5.74% | -3.77% | -14.25% |
| 2021 | -0.32% | 2.80% | 2.42% | 3.81% | 1.28% | 0.58% | 1.09% | 1.92% | -3.50% | 4.43% | -2.31% | 3.62% | 16.64% |
Benchmark Metrics
MainStay Growth Allocation Fund has an annualized alpha of 0.12%, beta of 0.76, and R2 of 0.94 versus S&P 500 Index. Calculated based on daily prices since April 05, 2005.
- This fund participated in 87.02% of S&P 500 Index downside but only 80.14% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.12%
- Beta
- 0.76
- R²
- 0.94
- Upside Capture
- 80.14%
- Downside Capture
- 87.02%
Expense Ratio
MGDIX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
MGDIX ranks 58 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay Growth Allocation Fund (MGDIX) and compare them to S&P 500 Index.
| MGDIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.25 | 2.24 | 0.00 |
Sortino ratioReturn per unit of downside risk | 3.14 | 3.07 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.93 | -0.06 |
Martin ratioReturn relative to average drawdown | 12.68 | 13.52 | -0.84 |
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 Growth Allocation Fund provided a 4.63% dividend yield over the last twelve months, with an annual payout of $0.84 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.84 | $0.84 | $1.26 | $0.02 | $1.00 | $1.85 | $0.86 | $0.67 | $1.39 | $0.45 | $0.32 | $0.79 |
Dividend yield | 4.63% | 5.11% | 8.27% | 0.14% | 7.62% | 11.17% | 5.44% | 4.58% | 11.08% | 2.83% | 2.25% | 5.77% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Growth 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 | $0.00 | $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 | $0.84 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 | $1.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 | $1.85 |
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 Growth 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 Growth Allocation Fund was 46.05%, occurring on Mar 9, 2009. Recovery took 492 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -46.05%Mar 2009 | 1y 4mo | 1y 11mo | 3y 3moNov 2007 - Feb 2011 |
COVID crash2020 | -30.13%Mar 2020 | 1mo 9d | 5mo 4d | 6mo 13dFeb 2020 - Aug 2020 |
Bear market2022 | -22.24%Sep 2022 | 10mo 25d | 1y 5mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -19.68%Dec 2018 | 10mo 29d | 11mo 23d | 1y 10moJan 2018 - Dec 2019 |
2011 correction2011 | -19.25%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
Drawdown Indicators
| MGDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -56.78% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -9.10% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -18.90% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.24% | -25.43% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -30.13% | -33.92% | +3.79% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -10.72% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.97% | -0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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