MHCAX Alternatives & Similar Mutual Funds

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 a closer substitute for your current allocation.

Cheapest Alternatives to MHCAX

MHCAX charges 0.95% annually. There are 120 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	MHCAX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	MHCAX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	MHCAX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	MHCAX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	MHCAX vs CRDOX

Best Risk-Adjusted Alternatives to MHCAX

MHCAX has a PortfoliosLab risk / return rank of 77. There are 69 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	MHCAX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	MHCAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	MHCAX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	96	—	Jul 2014	MHCAX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	96	—	Jul 2017	MHCAX vs PSHNX

Top Performing MHCAX Alternatives (YTD)

MHCAX is at 1.40% YTD. There are 88 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.39%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	8.39%	—	Dec 2014	MHCAX vs XILSX
FOCIX	Fairholme Focused Income Fund	7.76%	—	Dec 2009	MHCAX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	7.39%	—	Nov 1977	MHCAX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	6.77%	—	Oct 2018	MHCAX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	6.64%	—	Jul 1995	MHCAX vs FAHCX

Lowest Volatility Alternatives to MHCAX

MHCAX has 2.34% 1-year volatility. There are 14 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	MHCAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	MHCAX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	MHCAX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	MHCAX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	MHCAX vs OSTIX

Lowest Drawdown Alternatives to MHCAX

MHCAX has a 1-year max drawdown of -1.67%. There are 20 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	MHCAX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	MHCAX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	MHCAX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	MHCAX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	MHCAX vs SCFIX

Other Mutual Funds from New York Life

The 10 most viewed New York Life mutual funds shown here include MLAAX, MSXAX, MSPIX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MLAAX	MainStay Winslow Large Cap Growth Fund	Large Cap Growth Equities	7	2.16%	—	Jul 1995	MHCAX vs MLAAX
MSXAX	NYLI S&P 500 Index Class A	S&P 500	51	7.96%	—	Jan 2004	MHCAX vs MSXAX
MSPIX	MainStay S&P 500 Index Fund	Large Cap Blend Equities	54	8.08%	—	Jan 1991	MHCAX vs MSPIX
EPSYX	MainStay Epoch Global Equity Yield Fund	Global Equities	90	17.87%	—	Dec 2005	MHCAX vs EPSYX
MSTIX	MainStay MacKay Short Term Municipal Fund	Municipal Bonds	79	0.99%	—	Jan 1991	MHCAX vs MSTIX
CRARX	MainStay CBRE Real Estate Fund	REIT	21	16.77%	—	Dec 1996	MHCAX vs CRARX
KLGAX	MainStay WMC Growth Fund	Large Cap Growth Equities	10	-0.67%	—	Aug 2006	MHCAX vs KLGAX
EPLCX	MainStay Epoch U.S. Equity Yield Fund	Large Cap Value Equities	85	14.32%	—	Dec 2008	MHCAX vs EPLCX
MXFIX	MainStay Floating Rate Fund	Bank Loan	62	0.63%	—	May 2004	MHCAX vs MXFIX
MMRIX	MainStay Moderate Allocation Fund	Diversified Portfolio	54	6.83%	—	Apr 2005	MHCAX vs MMRIX

Often Compared With MHCAX

Investors most often compare MHCAX with TIPX, HYG, PHYSX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIPX	SPDR Bloomberg Barclays 1-10 Year TIPS ETF	Inflation-Protected Bonds	50	1.02%	1.89B	May 2013	MHCAX vs TIPX
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	52	1.54%	16.56B	Apr 2007	MHCAX vs HYG
PHYSX	PIA High Yield Fund	High Yield Bonds	12	1.34%	—	Dec 2010	MHCAX vs PHYSX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	63	1.42%	—	Oct 2011	MHCAX vs PHYQX
BUFHX	Buffalo High Yield Fund	High Yield Bonds	51	1.90%	—	May 1995	MHCAX vs BUFHX
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	25	1.11%	13.45B	Mar 2007	MHCAX vs PFF
VOO	Vanguard S&P 500 ETF	S&P 500	60	8.08%	1.70T	Sep 2010	MHCAX vs VOO
PTTRX	PIMCO Total Return Fund Institutional Class	Intermediate Core-Plus Bond	26	0.41%	—	May 1987	MHCAX vs PTTRX
MUBFX	MainStay WMC Value Fund	Large Cap Value Equities	58	7.53%	—	Jan 1971	MHCAX vs MUBFX
MTMIX	MainStay MacKay Total Return Bond Fund	Intermediate Core-Plus Bond	25	0.81%	—	Jan 1991	MHCAX vs MTMIX
MSOAX	MainStay WMC Enduring Capital Fund	Large Cap Blend Equities	3	2.53%	—	Jun 1998	MHCAX vs MSOAX
MNHAX	Manning & Napier High Yield Bond I	High Yield Bonds	74	2.27%	—	Aug 2012	MHCAX vs MNHAX
MGXIX	MainStay Equity Allocation Fund	Diversified Portfolio	52	10.38%	—	Apr 2005	MHCAX vs MGXIX
MYIIX	MainStay WMC International Research Equity Fund	Foreign Large Cap Equities	78	12.26%	—	Sep 2007	MHCAX vs MYIIX
MOPIX	MainStay WMC Small Companies Fund	Small Cap Blend Equities	92	29.09%	—	Jan 1987	MHCAX vs MOPIX
MBAIX	MainStay Balanced Fund	Diversified Portfolio	57	4.78%	—	Apr 1989	MHCAX vs MBAIX
MKHCX	MainStay MacKay High Yield Corporate Bond Fund	High Yield Bonds	—	—	—	May 1986	MHCAX vs MKHCX
MGDIX	MainStay Growth Allocation Fund	Diversified Portfolio	55	8.90%	—	Apr 2005	MHCAX vs MGDIX
MIXIX	MainStay Short Term Bond Fund	Short-Term Bond	88	0.80%	—	Jan 1991	MHCAX vs MIXIX
MASAX	MainStay MacKay Strategic Bond Fund	Nontraditional Bonds	73	1.40%	—	Feb 1997	MHCAX vs MASAX

Compare MHCAX with Any Fund or Stock

Compare MHCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair MHCAX with funds that move differently

MainStay MacKay High Yield Corporate Bond Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHCAX.

Explore MHCAX Diversifiers

MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) Alternatives