MainStay Moderate Allocation Fund (MMRIX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MMRIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMRIX
MMRIX charges 0.09% annually. There are 22 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MMRIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MMRIX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MMRIX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MMRIX vs VBAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MMRIX vs BWBIX |
Best Risk-Adjusted Alternatives to MMRIX
MMRIX has a PortfoliosLab risk / return rank of 62. There are 279 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MMRIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MMRIX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MMRIX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | MMRIX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MMRIX vs FSRRX |
Top Performing MMRIX Alternatives (YTD)
MMRIX is at 6.90% YTD. There are 238 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | MMRIX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | MMRIX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | MMRIX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | MMRIX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | MMRIX vs BRUFX |
Lowest Volatility Alternatives to MMRIX
MMRIX has 8.63% 1-year volatility. There are 254 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | MMRIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | MMRIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MMRIX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | MMRIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MMRIX vs CSTAX |
Lowest Drawdown Alternatives to MMRIX
MMRIX has a 1-year max drawdown of -6.40%. There are 273 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MMRIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MMRIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MMRIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MMRIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MMRIX vs CSTAX |
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 | 6 | -0.57% | — | Jul 1995 | MMRIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 58 | 9.05% | — | Jan 2004 | MMRIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 79 | 1.49% | — | May 1986 | MMRIX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 96 | 21.42% | — | Dec 2005 | MMRIX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 58 | 9.20% | — | Jan 1991 | MMRIX vs MSPIX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 74 | 0.71% | — | Jan 1991 | MMRIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 53 | 18.63% | — | Dec 1996 | MMRIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 5 | -3.70% | — | Aug 2006 | MMRIX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 69 | 1.04% | — | May 2004 | MMRIX vs MXFIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 92 | 17.51% | — | Dec 2008 | MMRIX vs EPLCX |
Often Compared With MMRIX
Investors most often compare MMRIX with MGDIX, RPXIX, VOO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare MMRIX with Any Fund or Stock
Compare MMRIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMRIX with funds that move differently
MainStay Moderate Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMRIX.
Explore MMRIX Diversifiers