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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MainStay Short Term Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
MainStay Short Term Bond Fund (MIXIX) has returned 0.18% so far this year and 3.68% over the past 12 months. Over the last ten years, MIXIX has returned 2.36% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
MainStay Short Term Bond Fund
- 1D
- 0.22%
- 1M
- -0.55%
- YTD
- 0.18%
- 6M
- 1.25%
- 1Y
- 3.68%
- 3Y*
- 4.68%
- 5Y*
- 2.07%
- 10Y*
- 2.36%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
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, your 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% | -0.55% | 0.18% | |||||||||
| 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 4.89%, beta of -0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 1991.
- This fund captured 12.01% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.38%) — 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
- 4.89%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 12.01%
- Downside Capture
- -8.38%
Expense Ratio
MIXIX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIXIX ranks 97 for risk / return — in the top 97% 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 a chosen benchmark (S&P 500 Index).
| MIXIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 0.90 | +1.65 |
Sortino ratioReturn per unit of downside risk | 4.03 | 1.39 | +2.64 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.21 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 1.40 | +3.14 |
Martin ratioReturn relative to average drawdown | 19.28 | 6.61 | +12.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MIXIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
MainStay Short Term Bond Fund provided a 4.08% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.41 | $0.47 | $0.41 | $0.21 | $0.13 | $1.09 | $0.51 | $0.28 | $0.27 | $0.42 | $0.39 |
Dividend yield | 4.08% | 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 | $0.00 | $0.07 | |||||||||
| 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 0.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.13% | Mar 6, 2020 | 12 | Mar 23, 2020 | 69 | Jun 30, 2020 | 81 |
| -7.06% | Jan 2, 1992 | 51 | Mar 13, 1992 | 103 | Aug 10, 1992 | 154 |
| -6.94% | Jan 31, 1994 | 68 | May 9, 1994 | 214 | Mar 14, 1995 | 282 |
| -6.71% | Sep 16, 2021 | 277 | Oct 20, 2022 | 321 | Feb 1, 2024 | 598 |
| -4.92% | May 3, 2013 | 87 | Sep 5, 2013 | 173 | May 14, 2014 | 260 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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