MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) Alternatives
MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MHCAX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MHCAX
MHCAX charges 0.95% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among MHCAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | MHCAX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | MHCAX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | MHCAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | MHCAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | MHCAX vs CRDOX |
Best Risk-Adjusted Alternatives to MHCAX
Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | MHCAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | MHCAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | Sep 30, 2010 | MHCAX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | MHCAX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | MHCAX vs PRCPX |
Top Performing MHCAX Alternatives (YTD)
MHCAX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.09% | Dec 31, 2009 | MHCAX vs FOCIX | |
| Pioneer ILS Interval Fund | 6.00% | Dec 16, 2014 | MHCAX vs XILSX | |
| Franklin Templeton SMACS: Series I | 1.02% | Jun 3, 2019 | MHCAX vs FQTIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | MHCAX vs CCLFX | |
| Nuveen Global High Income Fund | 0.85% | Nov 24, 2014 | MHCAX vs JGH |
Lowest Volatility Alternatives to MHCAX
MHCAX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | MHCAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | MHCAX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.74% | Jul 15, 2014 | MHCAX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | MHCAX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | MHCAX vs SCFIX |
Lowest Drawdown Alternatives to MHCAX
MHCAX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | MHCAX vs XILSX | |
| Cliffwater Corporate Lending Fund | -0.38% | Mar 6, 2019 | MHCAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | MHCAX vs RPHIX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | MHCAX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | MHCAX vs CPMPX |
Other Mutual Funds from New York Life
Most popular New York Life mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 13 | -12.29% | Jul 3, 1995 | MHCAX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 51 | -4.45% | Jan 2, 2004 | MHCAX vs MSXAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 51 | -4.40% | Jan 2, 1991 | MHCAX vs MSPIX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 25 | -10.17% | Aug 7, 2006 | MHCAX vs KLGAX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 89 | 0.08% | Jan 1, 1991 | MHCAX vs MSTIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 52 | 2.92% | Dec 3, 2008 | MHCAX vs EPLCX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 83 | 4.17% | Dec 26, 2005 | MHCAX vs EPSYX | |
| MainStay Floating Rate Fund | Bank Loan | 72 | -1.50% | May 2, 2004 | MHCAX vs MXFIX | |
| MainStay CBRE Real Estate Fund | REIT | 7 | 4.03% | Dec 31, 1996 | MHCAX vs CRARX | |
| MainStay MacKay High Yield Corporate Bond Fund | High Yield Bonds | — | — | May 1, 1986 | MHCAX vs MKHCX |
Often Compared With MHCAX
What investors most often compare with MHCAX, based on PortfoliosLab usage data.
Compare MHCAX with Any Fund or Stock
Compare MHCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.