MainStay Candriam Emerging Markets Debt Fund (MGHAX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MGHAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGHAX
MGHAX charges 1.15% annually. There are 63 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | MGHAX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | MGHAX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | MGHAX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | MGHAX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | MGHAX vs GMOQX |
Best Risk-Adjusted Alternatives to MGHAX
MGHAX has a PortfoliosLab risk / return rank of 74. There are 46 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | MGHAX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | MGHAX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | MGHAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | MGHAX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | MGHAX vs DBLLX |
Top Performing MGHAX Alternatives (YTD)
MGHAX is at 2.52% YTD. There are 48 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 21.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 21.21% | — | Dec 2010 | MGHAX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 9.53% | — | Apr 1994 | MGHAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.50% | — | Apr 1994 | MGHAX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.40% | — | May 2006 | MGHAX vs FEMDX | |
| Morgan Stanley Emerging Markets Domestic Fund | 8.33% | — | Apr 2007 | MGHAX vs EDD |
Lowest Volatility Alternatives to MGHAX
MGHAX has 4.75% 1-year volatility. There are 38 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | MGHAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.93% | — | Apr 2010 | MGHAX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | MGHAX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.05% | — | May 2011 | MGHAX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.08% | — | Apr 2010 | MGHAX vs DBLEX |
Lowest Drawdown Alternatives to MGHAX
MGHAX has a 1-year max drawdown of -4.70%. There are 45 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | MGHAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | MGHAX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | MGHAX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | MGHAX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | MGHAX vs PYCEX |
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 | 10 | 6.03% | — | Jul 1995 | MGHAX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 63 | 9.95% | — | Jan 2004 | MGHAX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 83 | 1.40% | — | May 1986 | MGHAX vs MHCAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 65 | 10.06% | — | Jan 1991 | MGHAX vs MSPIX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 91 | 18.44% | — | Dec 2005 | MGHAX vs EPSYX | |
| MainStay CBRE Real Estate Fund | REIT | 16 | 14.00% | — | Dec 1996 | MGHAX vs CRARX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 79 | 1.10% | — | Jan 1991 | MGHAX vs MSTIX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 13 | 2.62% | — | Aug 2006 | MGHAX vs KLGAX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 84 | 13.75% | — | Dec 2008 | MGHAX vs EPLCX | |
| MainStay Floating Rate Fund | Bank Loan | 64 | 0.87% | — | May 2004 | MGHAX vs MXFIX |
Often Compared With MGHAX
Investors most often compare MGHAX with MMRIX, DEDIX, EIDOX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay Moderate Allocation Fund | Diversified Portfolio | 62 | 8.16% | — | Apr 2005 | MGHAX vs MMRIX | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.52% | — | Sep 2013 | MGHAX vs DEDIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.62% | — | Sep 2015 | MGHAX vs EIDOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.53% | — | Feb 2013 | MGHAX vs EELDX |
Compare MGHAX with Any Fund or Stock
Compare MGHAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGHAX with funds that move differently
MainStay Candriam Emerging Markets Debt Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGHAX.
Explore MGHAX Diversifiers