- ISIN
- US56064B4077
- CUSIP
- 56064B407
- Issuer
- New York Life
- Inception Date
- Jan 12, 1987
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MOPIX Performance Chart
MainStay WMC Small Companies Fund (MOPIX) is up 29.1% since the beginning of the year. MOPIX is currently trading at $39 per share. Investors who bought $1,000 worth of MOPIX shares 5 years ago would now be looking at an investment worth $1,545.
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Returns By Period
MainStay WMC Small Companies Fund (MOPIX) has returned 29.09% so far this year and 53.45% over the past 12 months. Over the last ten years, MOPIX has returned 9.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
MainStay WMC Small Companies Fund
- 1D
- -1.09%
- 1M
- 4.13%
- YTD
- 29.09%
- 6M
- 25.75%
- 1Y
- 53.45%
- 3Y*
- 23.42%
- 5Y*
- 9.09%
- 10Y*
- 9.79%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
MOPIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 1987, MOPIX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +24.7%, while the worst month was Mar 2020 at -23.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 10 months.
On a daily basis, MOPIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.61% | 0.57% | -3.50% | 12.67% | 8.97% | 2.59% | 29.09% | ||||||
| 2025 | 3.62% | -5.59% | -7.41% | -3.38% | 3.12% | 6.83% | 0.58% | 9.17% | 0.14% | -0.74% | 6.18% | 0.86% | 12.69% |
| 2024 | -3.89% | 6.34% | 4.10% | -5.40% | 6.18% | -1.37% | 7.59% | -0.76% | -0.61% | -1.51% | 13.10% | -6.84% | 16.07% |
| 2023 | 9.65% | -3.01% | -6.33% | -1.73% | -3.71% | 8.82% | 6.61% | -5.68% | -5.09% | -8.44% | 8.10% | 14.53% | 10.97% |
| 2022 | -7.72% | 4.31% | 1.49% | -8.60% | -2.42% | -8.81% | 9.38% | -3.44% | -11.05% | 13.63% | 2.27% | -6.63% | -19.00% |
| 2021 | 5.02% | 7.30% | -1.02% | 3.32% | -1.56% | 0.60% | -1.46% | 0.12% | -3.44% | 5.65% | -2.45% | 4.91% | 17.55% |
Benchmark Metrics
MainStay WMC Small Companies Fund has an annualized alpha of 2.35%, beta of 0.86, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 12, 1987.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.26%) than losses (94.91%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.35% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.65, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.35%
- Beta
- 0.86
- R²
- 0.65
- Upside Capture
- 98.26%
- Downside Capture
- 94.91%
Expense Ratio
MOPIX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MOPIX ranks 92 for risk / return — in the top 92% 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 WMC Small Companies Fund (MOPIX) 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.
| MOPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.75 | 2.29 | +3.45 |
| Martin ratioReturn relative to average drawdown | 21.59 | 10.15 | +11.44 |
Dividends
Dividend History
MainStay WMC Small Companies Fund provided a 0.12% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.10 | $0.08 | $0.49 | $7.77 | $0.00 | $0.13 | $4.14 | $2.65 | $0.18 | $0.10 |
Dividend yield | 0.12% | 0.15% | 0.39% | 0.33% | 2.34% | 29.42% | 0.00% | 0.50% | 18.09% | 8.32% | 0.59% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay WMC Small Companies 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 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 | $0.49 | $0.49 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.77 | $7.77 |
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 WMC Small Companies 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 WMC Small Companies Fund was 68.08%, occurring on Mar 9, 2009. Recovery took 962 trading sessions.
The current MainStay WMC Small Companies Fund drawdown is 1.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.08%Mar 2009 | 1y 9mo | 3y 10mo | 5y 7moJun 2007 - Jan 2013 |
COVID crash2020 | -48.01%Mar 2020 | 1y 6mo | 8mo 25d | 2y 3moAug 2018 - Dec 2020 |
2023 bear market2023 | -32.60%Oct 2023 | 1y 11mo | 1y 11d | 2y 12moNov 2021 - Nov 2024 |
1998 bear market1998 | -30.50%Oct 1998 | 5mo 18d | 3y 5mo | 3y 10moApr 1998 - Mar 2002 |
2025 selloff2025 | -26.99%Apr 2025 | 4mo 4d | 7mo 20d | 11mo 24dDec 2024 - Nov 2025 |
Drawdown Indicators
| MOPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.08% | -56.78% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -9.10% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -18.90% | -8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -25.43% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.01% | -33.92% | -14.09% |
Current DrawdownCurrent decline from peak | -1.09% | -3.31% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -10.71% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.05% | +0.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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