MainStay Equity Allocation Fund (MGXIX) 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 MGXIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGXIX
MGXIX charges 0.12% annually. There are 38 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 | MGXIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MGXIX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MGXIX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MGXIX vs VBAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MGXIX vs BWBIX |
Best Risk-Adjusted Alternatives to MGXIX
MGXIX has a PortfoliosLab risk / return rank of 58. There are 312 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 | MGXIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MGXIX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MGXIX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | MGXIX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MGXIX vs FSRRX |
Top Performing MGXIX Alternatives (YTD)
MGXIX is at 10.83% YTD. There are 47 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | MGXIX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | MGXIX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | MGXIX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | MGXIX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | MGXIX vs BRUFX |
Lowest Volatility Alternatives to MGXIX
MGXIX has 12.94% 1-year volatility. There are 493 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 | MGXIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | MGXIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MGXIX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | MGXIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MGXIX vs CSTAX |
Lowest Drawdown Alternatives to MGXIX
MGXIX has a 1-year max drawdown of -9.33%. There are 500 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 | MGXIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MGXIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MGXIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MGXIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MGXIX 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 | 6 | -0.57% | — | Jul 1995 | MGXIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 58 | 9.05% | — | Jan 2004 | MGXIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 79 | 1.49% | — | May 1986 | MGXIX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 96 | 21.42% | — | Dec 2005 | MGXIX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 58 | 9.20% | — | Jan 1991 | MGXIX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 74 | 0.71% | — | Jan 1991 | MGXIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 53 | 18.63% | — | Dec 1996 | MGXIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 5 | -3.70% | — | Aug 2006 | MGXIX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 69 | 1.04% | — | May 2004 | MGXIX vs MXFIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 92 | 17.51% | — | Dec 2008 | MGXIX vs EPLCX |
Often Compared With MGXIX
Investors most often compare MGXIX with FGRTX, CONWX, TRLIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare MGXIX with Any Fund or Stock
Compare MGXIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGXIX with funds that move differently
MainStay Equity Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGXIX.
Explore MGXIX Diversifiers