MainStay MacKay Short Term Municipal Fund (MSTIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTIX
MSTIX charges 0.40% annually. There are 75 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | MSTIX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MSTIX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MSTIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MSTIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MSTIX vs FSMUX |
Best Risk-Adjusted Alternatives to MSTIX
MSTIX has a PortfoliosLab risk / return rank of 81. There are 160 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | MSTIX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | MSTIX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MSTIX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | MSTIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | MSTIX vs TFCYX |
Top Performing MSTIX Alternatives (YTD)
MSTIX is at 1.26% YTD. There are 343 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.06% | — | Apr 1998 | MSTIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.21% | — | Nov 2002 | MSTIX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.32% | — | Oct 1992 | MSTIX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.66% | — | Nov 2001 | MSTIX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.62% | — | Feb 1998 | MSTIX vs MUC |
Lowest Volatility Alternatives to MSTIX
MSTIX has 1.49% 1-year volatility. There are 54 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | MSTIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | MSTIX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | MSTIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | MSTIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MSTIX vs USMTX |
Lowest Drawdown Alternatives to MSTIX
MSTIX has a 1-year max drawdown of -1.38%. There are 39 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | MSTIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MSTIX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MSTIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MSTIX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | MSTIX vs DFABX |
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 | 5.35% | — | Jul 1995 | MSTIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 62 | 11.08% | — | Jan 2004 | MSTIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 85 | 1.89% | — | May 1986 | MSTIX vs MHCAX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 93 | 20.76% | — | Dec 2005 | MSTIX vs EPSYX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 64 | 11.21% | — | Jan 1991 | MSTIX vs MSPIX | |
| MainStay CBRE Real Estate Fund | REIT | 34 | 16.94% | — | Dec 1996 | MSTIX vs CRARX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 88 | 17.02% | — | Dec 2008 | MSTIX vs EPLCX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 11 | 2.95% | — | Aug 2006 | MSTIX vs KLGAX | |
| MainStay Floating Rate Fund | Bank Loan | 62 | 1.28% | — | May 2004 | MSTIX vs MXFIX | |
| MainStay Moderate Allocation Fund | Diversified Portfolio | 60 | 8.23% | — | Apr 2005 | MSTIX vs MMRIX |
Often Compared With MSTIX
Investors most often compare MSTIX with MBAIX, MGDIX, MKHCX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare MSTIX with Any Fund or Stock
Compare MSTIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTIX with funds that move differently
MainStay MacKay Short Term Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTIX.
Explore MSTIX Diversifiers