MainStay MacKay High Yield Corporate Bond Fund (MKHCX) 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 MKHCX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MKHCX
MKHCX charges 1.83% annually. There are 176 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | MKHCX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | MKHCX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MKHCX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | MKHCX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | MKHCX vs CRDOX |
Best Risk-Adjusted Alternatives to MKHCX
Among 190 mutual funds in the High Yield Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | MKHCX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MKHCX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MKHCX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | MKHCX vs PRFRX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MKHCX vs CWFIX |
Top Performing MKHCX Alternatives (YTD)
Among 190 mutual funds in the High Yield Bonds category with YTD return data, the top-performing alternatives shown here go as high as 9.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.01% | — | Dec 2014 | MKHCX vs XILSX | |
| Fairholme Focused Income Fund | 8.58% | — | Dec 2009 | MKHCX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | MKHCX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.84% | — | Oct 2018 | MKHCX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.79% | — | Jul 1995 | MKHCX vs FAHCX |
Lowest Volatility Alternatives to MKHCX
Among 191 mutual funds in the High Yield Bonds category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | MKHCX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | MKHCX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | MKHCX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MKHCX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | MKHCX vs OSTIX |
Lowest Drawdown Alternatives to MKHCX
Among 190 mutual funds in the High Yield Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | MKHCX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MKHCX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MKHCX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MKHCX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MKHCX vs SCFIX |
Other Mutual Funds from New York Life
The 10 most viewed New York Life mutual funds shown here include MLAAX, MSXAX, MHCAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.78% | — | Jul 1995 | MKHCX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 61 | 10.60% | — | Jan 2004 | MKHCX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 85 | 1.89% | — | May 1986 | MKHCX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 93 | 20.48% | — | Dec 2005 | MKHCX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 63 | 10.73% | — | Jan 1991 | MKHCX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 81 | 1.26% | — | Jan 1991 | MKHCX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 34 | 16.45% | — | Dec 1996 | MKHCX vs CRARX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 88 | 16.61% | — | Dec 2008 | MKHCX vs EPLCX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 11 | 2.81% | — | Aug 2006 | MKHCX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 64 | 1.28% | — | May 2004 | MKHCX vs MXFIX |
Often Compared With MKHCX
Investors most often compare MKHCX with PTTRX, PSHNX, THHYX. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MKHCX with Any Fund or Stock
Compare MKHCX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MKHCX with funds that move differently
MainStay MacKay High Yield Corporate Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MKHCX.
Explore MKHCX Diversifiers