- ISIN
- US56062F5411
- CUSIP
- 56062F541
- Issuer
- New York Life
- Inception Date
- Jun 1, 1998
- Category
- Large Cap Blend Equities
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MSOAX Performance Chart
MainStay WMC Enduring Capital Fund (MSOAX) is up 2.2% since the beginning of the year. MSOAX is currently trading at $37 per share. Investors who bought $1,000 worth of MSOAX shares 5 years ago would now be looking at an investment worth $1,366.
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Returns By Period
MainStay WMC Enduring Capital Fund (MSOAX) has returned 2.15% so far this year and -0.65% over the past 12 months. Over the last ten years, MSOAX has returned 10.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MainStay WMC Enduring Capital Fund
- 1D
- 0.49%
- 1M
- 2.83%
- YTD
- 2.15%
- 6M
- 0.98%
- 1Y
- -0.65%
- 3Y*
- 7.98%
- 5Y*
- 6.43%
- 10Y*
- 10.71%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MSOAX Monthly Returns History
Based on dividend-adjusted daily data since May 29, 1998, MSOAX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MSOAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.73% | 2.20% | -7.66% | 4.26% | -1.42% | 2.51% | 2.15% | ||||||
| 2025 | 4.94% | 0.70% | -1.94% | 0.13% | 1.04% | -0.15% | -1.06% | 1.09% | -2.94% | -3.80% | 2.15% | -0.48% | -0.61% |
| 2024 | 0.93% | 4.66% | 3.71% | -5.88% | 3.12% | -0.27% | 5.74% | 2.04% | 1.70% | -3.59% | 9.10% | -9.69% | 10.54% |
| 2023 | 5.73% | -2.21% | -2.20% | 1.21% | -2.82% | 8.28% | 2.90% | -2.45% | -3.07% | -3.40% | 9.38% | 6.28% | 17.67% |
| 2022 | -7.02% | -2.74% | 4.26% | -7.36% | 0.49% | -6.03% | 10.13% | -4.37% | -7.83% | 6.15% | 7.66% | -5.11% | -13.18% |
| 2021 | 0.25% | 2.73% | 5.89% | 5.79% | 1.89% | -0.45% | 3.27% | 3.16% | -4.56% | 8.37% | -1.06% | 6.10% | 35.36% |
Benchmark Metrics
MainStay WMC Enduring Capital Fund has an annualized alpha of 0.35%, beta of 0.95, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since May 29, 1998.
- With beta of 0.95 and R2 of 0.93, 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
- 0.35%
- Beta
- 0.95
- R²
- 0.93
- Upside Capture
- 96.62%
- Downside Capture
- 97.10%
Expense Ratio
MSOAX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MSOAX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainStay WMC Enduring Capital Fund (MSOAX) 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.
| MSOAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.78 | -2.83 |
| Martin ratioReturn relative to average drawdown | -0.10 | 12.44 | -12.54 |
Dividends
Dividend History
MainStay WMC Enduring Capital Fund provided a 3.98% dividend yield over the last twelve months, with an annual payout of $1.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.48 | $1.48 | $0.10 | $0.22 | $1.18 | $3.07 | $0.24 | $1.49 | $2.93 | $0.23 | $0.25 | $0.22 |
Dividend yield | 3.98% | 4.07% | 0.26% | 0.64% | 4.00% | 8.70% | 0.83% | 5.99% | 13.82% | 0.88% | 1.22% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for MainStay WMC Enduring Capital 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 | $1.48 | $1.48 |
| 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 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.07 | $3.07 |
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 Enduring Capital 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 Enduring Capital Fund was 55.16%, occurring on Mar 9, 2009. Recovery took 1004 trading sessions.
The current MainStay WMC Enduring Capital Fund drawdown is 8.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.16%Mar 2009 | 1y 7mo | 3y 12mo | 5y 7moJul 2007 - Mar 2013 |
2003 bear market2003 | -49.74%Mar 2003 | 2y 6mo | 4y 2mo | 6y 8moSep 2000 - May 2007 |
COVID crash2020 | -34.01%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Rate-hike selloffLate 2018 | -21.37%Dec 2018 | 2mo 21d | 10mo 19d | 1y 1moOct 2018 - Nov 2019 |
Bear market2022 | -21.27%Jun 2022 | 5mo 14d | 1y 6mo | 1y 11moJan 2022 - Dec 2023 |
Drawdown Indicators
| MSOAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.16% | -56.78% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -9.10% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -18.90% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -25.43% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -33.92% | -0.09% |
Current DrawdownCurrent decline from peak | -8.31% | -1.80% | -6.51% |
Average DrawdownAverage peak-to-trough decline | -13.28% | -10.71% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 2.03% | +3.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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