- ISIN
- US56063J2520
- CUSIP
- 56063J252
- Issuer
- New York Life
- Inception Date
- Jan 2, 1991
- Category
- Short-Term Bond
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MIXIX Performance Chart
MainStay Short Term Bond Fund (MIXIX) is up 0.7% since the beginning of the year. MIXIX is currently trading at $9 per share. Investors who bought $1,000 worth of MIXIX shares 5 years ago would now be looking at an investment worth $1,110.
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Returns By Period
MainStay Short Term Bond Fund (MIXIX) has returned 0.69% so far this year and 3.45% over the past 12 months. Over the last ten years, MIXIX has returned 2.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MainStay Short Term Bond Fund
- 1D
- 0.11%
- 1M
- 0.15%
- YTD
- 0.69%
- 6M
- 0.80%
- 1Y
- 3.45%
- 3Y*
- 4.85%
- 5Y*
- 2.10%
- 10Y*
- 2.29%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MIXIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1990, MIXIX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2008 with a return of +4.5%, while the worst month was Jan 1992 at -6.4%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 9 months.
On a daily basis, MIXIX closed higher 43% of trading days. The best single day was Mar 26, 2020 with a return of +1.4%, while the worst single day was Jan 2, 1992 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 0.37% | -0.51% | 0.32% | 0.26% | -0.11% | 0.69% | ||||||
| 2025 | 0.62% | 0.69% | 0.39% | 0.48% | 0.04% | 0.69% | 0.03% | 0.77% | 0.37% | 0.36% | 0.46% | 0.25% | 5.26% |
| 2024 | 0.54% | -0.15% | 0.42% | -0.21% | 0.78% | 0.54% | 1.21% | 0.87% | 0.84% | -0.59% | 0.50% | 0.18% | 5.03% |
| 2023 | 0.99% | -0.68% | 0.90% | 0.41% | -0.17% | -0.25% | 0.52% | 0.30% | -0.15% | 0.10% | 1.55% | 1.20% | 4.80% |
| 2022 | -0.69% | -0.63% | -1.45% | -0.52% | 0.03% | -0.79% | 0.63% | -0.65% | -1.28% | -0.14% | 1.00% | 0.27% | -4.17% |
| 2021 | 0.27% | -0.05% | -0.22% | 0.28% | 0.18% | -0.13% | 0.19% | -0.01% | -0.01% | -0.41% | -0.24% | -0.24% | -0.40% |
Benchmark Metrics
MainStay Short Term Bond Fund has an annualized alpha of 4.88%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 31, 1990.
- This fund captured 11.83% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.37%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.88%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 11.83%
- Downside Capture
- -8.37%
Expense Ratio
MIXIX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIXIX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay Short Term Bond Fund (MIXIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIXIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.37 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.78 | +1.19 |
| Martin ratioReturn relative to average drawdown | 17.79 | 12.44 | +5.35 |
Dividends
Dividend History
MainStay Short Term Bond Fund provided a 4.42% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.41 | $0.47 | $0.41 | $0.21 | $0.13 | $1.09 | $0.51 | $0.28 | $0.27 | $0.42 | $0.39 |
Dividend yield | 4.42% | 4.47% | 5.14% | 4.45% | 2.25% | 1.35% | 11.03% | 4.83% | 2.68% | 2.58% | 3.92% | 3.61% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Short Term Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.21 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MainStay Short Term Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainStay Short Term Bond Fund was 9.13%, occurring on Mar 23, 2020. Recovery took 69 trading sessions.
The current MainStay Short Term Bond Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -9.13%Mar 2020 | 17d | 3mo 9d | 3mo 26dMar 2020 - Jun 2020 |
1992 pullback1992 | -7.06%Mar 1992 | 2mo 11d | 5mo | 7mo 11dJan 1992 - Aug 1992 |
1994 pullback1994 | -6.94%May 1994 | 3mo 8d | 10mo 9d | 1y 1moJan 1994 - Mar 1995 |
Bear market2022 | -6.71%Oct 2022 | 1y 1mo | 1y 3mo | 2y 4moSep 2021 - Feb 2024 |
2013 pullback2013 | -4.92%Sep 2013 | 4mo 5d | 8mo 11d | 1y 11dMay 2013 - May 2014 |
Drawdown Indicators
| MIXIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.13% | -56.78% | +47.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -9.10% | +8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -0.87% | -18.90% | +18.03% |
Max Drawdown (5Y)Largest decline over 5 years | -6.71% | -25.43% | +18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -9.13% | -33.92% | +24.79% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -10.71% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.03% | -1.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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