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MainStay Short Term Bond Fund (MIXIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The investment seeks current income consistent with capital preservation. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in debt securities. Under normal circumstances, it invests at least 80% of net assets in investment grade quality bonds of various types as rated by a nationally recognized statistical rating organization ("NRSRO"), or if unrated, judged to be of comparable quality by NYL Investors LLC, the fund's Subadvisor. The fund may invest up to 20% of its net assets in bonds rated below investment grade by a NRSRO, commonly referred to as "high yield" or "junk" bonds.

Looking to diversify beyond MIXIX? The mutual funds below have the lowest correlation with MIXIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MIXIX.

Best Diversifiers for MIXIX

8 mutual funds have low correlation with MIXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LCCMX
Leader Short Term High Yield Bond Fund0.100.080.16
80
Short-Term BondMIXIX vs LCCMX
MXFIX
MainStay Floating Rate Fund0.110.100.09
62
Bank LoanMIXIX vs MXFIX
GPICX
GuidepathConservative Income Fund0.230.390.43
99
Short-Term BondMIXIX vs GPICX
DFAIX
DFA Short-Duration Real Return Portfolio0.240.300.39
98
Short-Term BondMIXIX vs DFAIX
MSPIX
MainStay S&P 500 Index Fund0.240.160.14
54
Large Cap Blend EquitiesMIXIX vs MSPIX
See all 20 diversifiers for MIXIX

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