- ISIN
- US56063U8282
- CUSIP
- 56063U828
- Issuer
- New York Life
- Inception Date
- Apr 3, 2005
- Category
- Diversified Portfolio
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MMRIX Performance Chart
MainStay Moderate Allocation Fund (MMRIX) is up 6.9% since the beginning of the year. MMRIX is currently trading at $15 per share. Investors who bought $1,000 worth of MMRIX shares 5 years ago would now be looking at an investment worth $1,304.
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Returns By Period
MainStay Moderate Allocation Fund (MMRIX) has returned 6.90% so far this year and 13.95% over the past 12 months. Over the last ten years, MMRIX has returned 6.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
MainStay Moderate Allocation Fund
- 1D
- 1.12%
- 1M
- -0.84%
- 6M
- 4.86%
- YTD
- 6.90%
- 1Y
- 13.95%
- 3Y*
- 10.53%
- 5Y*
- 5.46%
- 10Y*
- 6.88%
- ALL TIME*
- 6.50%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MMRIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2005, MMRIX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +8.1%, while the worst month was Oct 2008 at -12.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MMRIX closed higher 51% of trading days. The best single day was May 10, 2018 with a return of +13.8%, while the worst single day was May 9, 2018 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.95% | 1.44% | -4.52% | 6.07% | 2.93% | 0.52% | -1.35% | 6.90% | |||||
| 2025 | 2.58% | -1.08% | -2.90% | 0.30% | 3.06% | 2.96% | 0.21% | 1.96% | 1.72% | 1.22% | 0.60% | 0.37% | 11.38% |
| 2024 | 0.38% | 1.79% | 2.20% | -3.16% | 2.67% | 1.30% | 2.28% | 1.46% | 1.58% | -1.96% | 3.93% | -3.66% | 8.84% |
| 2023 | 5.34% | -2.17% | 0.90% | 0.57% | -1.30% | 3.53% | 2.06% | -1.55% | -3.31% | -2.29% | 6.85% | 4.85% | 13.65% |
| 2022 | -4.14% | -1.58% | 0.80% | -5.73% | 0.38% | -6.51% | 5.98% | -3.09% | -7.02% | 5.15% | 5.22% | -2.99% | -13.76% |
| 2021 | -0.42% | 1.70% | 1.74% | 3.15% | 1.19% | 0.46% | 1.11% | 1.42% | -2.86% | 3.34% | -1.78% | 2.72% | 12.21% |
Benchmark Metrics
MainStay Moderate Allocation Fund has an annualized alpha of 1.02%, beta of 0.57, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since April 04, 2005.
- This fund participated in 68.88% of S&P 500 Index downside but only 62.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.57 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.02%
- Beta
- 0.57
- R²
- 0.84
- Upside Capture
- 62.67%
- Downside Capture
- 68.88%
Expense Ratio
MMRIX has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
MMRIX ranks 56 for risk / return — above 56% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) 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.
| MMRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.00 | +0.03 |
| Martin ratioReturn relative to average drawdown | 8.68 | 8.49 | +0.19 |
Dividends
Dividend History
MainStay Moderate Allocation Fund provided a 5.15% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.79 | $0.93 | $0.08 | $0.70 | $1.41 | $0.83 | $0.55 | $0.93 | $0.45 | $0.22 | $0.65 |
Dividend yield | 5.15% | 5.51% | 6.88% | 0.60% | 5.92% | 9.74% | 5.89% | 4.16% | 7.98% | 3.23% | 1.73% | 5.26% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay Moderate Allocation 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.41 |
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 Moderate Allocation 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 Moderate Allocation Fund was 35.91%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current MainStay Moderate Allocation Fund drawdown is 1.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-35.91%Mar 2009 | 1y 4mo | 1y 8mo | 3y 4dNov 2007 - Nov 2010 | Financial crisis2007–2009 |
-24.34%Mar 2020 | 1mo 2d | 4mo 13d | 5mo 15dFeb 2020 - Aug 2020 | COVID crash2020 |
-20.40%Sep 2022 | 10mo 24d | 1y 5mo | 2y 3moNov 2021 - Mar 2024 | Bear market2022 |
-15.64%May 2018 | 3mo 10d | 1y 5mo | 1y 9moJan 2018 - Oct 2019 | — |
-14.27%Feb 2016 | 8mo 25d | 10mo | 1y 6moMay 2015 - Dec 2016 | — |
Drawdown Indicators
| MMRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -56.78% | +20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -9.10% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | -18.90% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -25.43% | +5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -33.92% | +9.58% |
Current DrawdownCurrent decline from peak | -1.48% | -1.58% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -10.70% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.14% | -0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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