MainStay Growth Allocation Fund (MGDIX) 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 MGDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGDIX
MGDIX 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 | MGDIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MGDIX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MGDIX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MGDIX vs BWBIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MGDIX vs VTMFX |
Best Risk-Adjusted Alternatives to MGDIX
MGDIX has a PortfoliosLab risk / return rank of 55. There are 257 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 | MGDIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MGDIX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MGDIX vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | MGDIX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | MGDIX vs AOBLX |
Top Performing MGDIX Alternatives (YTD)
MGDIX is at 8.90% YTD. There are 79 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 34.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 34.11% | — | Jan 1998 | MGDIX vs EKBAX | |
| MH Elite Small Cap Fund of Funds Fund | 20.86% | — | Aug 1998 | MGDIX vs MHELX | |
| Greenspring Fund | 20.56% | — | Jun 1983 | MGDIX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 16.73% | — | Dec 2002 | MGDIX vs TIBIX | |
| ICON Equity Income Fund | 13.66% | — | May 2004 | MGDIX vs IOEZX |
Lowest Volatility Alternatives to MGDIX
MGDIX has 10.60% 1-year volatility. There are 406 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 | MGDIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.84% | — | Apr 2012 | MGDIX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | MGDIX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MGDIX vs AVEFX | |
| American Funds College 2027 Fund | 3.14% | — | Sep 2012 | MGDIX vs CSTAX |
Lowest Drawdown Alternatives to MGDIX
MGDIX has a 1-year max drawdown of -7.84%. There are 419 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 | MGDIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MGDIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MGDIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MGDIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MGDIX 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 | 7 | 2.16% | — | Jul 1995 | MGDIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 51 | 7.96% | — | Jan 2004 | MGDIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 77 | 1.40% | — | May 1986 | MGDIX vs MHCAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 54 | 8.08% | — | Jan 1991 | MGDIX vs MSPIX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 90 | 17.87% | — | Dec 2005 | MGDIX vs EPSYX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 79 | 0.99% | — | Jan 1991 | MGDIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 21 | 16.77% | — | Dec 1996 | MGDIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 10 | -0.67% | — | Aug 2006 | MGDIX vs KLGAX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 85 | 14.32% | — | Dec 2008 | MGDIX vs EPLCX | |
| MainStay Floating Rate Fund | Bank Loan | 62 | 0.63% | — | May 2004 | MGDIX vs MXFIX |
Often Compared With MGDIX
Investors most often compare MGDIX with LGLIX, MMRIX, BERIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MGDIX with Any Fund or Stock
Compare MGDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGDIX with funds that move differently
MainStay Growth Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGDIX.
Explore MGDIX Diversifiers