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NYLI S&P 500 Index Class A (MSXAX) Sharpe Ratio: 2.37

Mutual Fund · Currency in USD · Last updated Jun 6, 2026

The fund primarily aims to replicate the performance of the Standard & Poor's 500® Index by investing at least 80% of its assets in stocks reflecting this index. To manage liquidity and potentially lower transaction expenses, it may allocate up to 20% of total assets towards options and futures contracts.

MSXAX's Sharpe Ratio of 2.37 indicates that for each unit of volatility, it generates 2.37 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 6, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

MSXAX Sharpe Ratio Rank

MSXAX Sharpe Ratio Rank: 69.569
Above Average

MSXAX ranks above 69.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

MSXAX Sharpe Ratio Market Positioning

The chart shows MSXAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.36 or lower
  • Yellow zone (middle 50%): 1.36 to 2.44
  • Green zone (top 25%): 2.44 or higher
  • Top 1%: 4.49+
  • Median: 2.03 — half of all investments score higher

How it compares to other similar mutual funds

The table compares NYLI S&P 500 Index Class A's Sharpe Ratio with other mutual funds in the S&P 500 category across multiple time periods, showing how MSXAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 6, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SPINXSEI Institutional Investments Trust S&P 500 Index Fund2.42
FXAIXFidelity 500 Index Fund2.42
VIIIXVanguard Institutional Index Fund Institutional Plus Shares2.42
BSPGXiShares S&P 500 Index Fund Class G2.41
VINIXVanguard Institutional Index Fund Institutional Shares2.41
VFIAXVanguard 500 Index Fund Admiral Shares2.41
WFSPXiShares S&P 500 Index Fund2.41
SWPPXSchwab S&P 500 Index Fund2.41
PLFIXPrincipal Large Cap S&P 500 Index Fund Institutional2.41
DSPIXBNY Mellon Institutional S&P 500 Stock Index Fund2.41
MSXAXNYLI S&P 500 Index Class A2.37

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MSXAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MSXAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does MSXAX fit in your portfolio?

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