MainStay MacKay Total Return Bond Fund (MTMIX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MTMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MTMIX
MTMIX charges 0.45% annually. There are 22 mutual funds in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | MTMIX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | MTMIX vs SSASX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | MTMIX vs EINFX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | MTMIX vs TIBDX | |
| Baird Core Plus Bond Fund | 0.30% | — | Sep 2000 | MTMIX vs BCOIX |
Best Risk-Adjusted Alternatives to MTMIX
MTMIX has a PortfoliosLab risk / return rank of 23. There are 60 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 98 | — | Jul 2016 | MTMIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 94 | — | Jul 2010 | MTMIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 92 | — | Jul 2010 | MTMIX vs LCTRX | |
| MassMutual Diversified Bond Fund | 82 | — | May 1999 | MTMIX vs MDVAX | |
| GMO Multi-Sector Fixed Income Fund | 76 | — | Apr 1997 | MTMIX vs GUGAX |
Top Performing MTMIX Alternatives (YTD)
MTMIX is at 0.70% YTD. There are 22 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 2.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| 1290 Diversified Bond Fund | 2.68% | — | Jul 2015 | MTMIX vs TNUIX | |
| Putnam Mortgage Securities Fund | 2.64% | — | Feb 1984 | MTMIX vs PGSIX | |
| MassMutual Diversified Bond Fund | 2.47% | — | May 1999 | MTMIX vs MDVAX | |
| Nuveen Core Plus Impact Fund | 2.41% | — | Apr 2021 | MTMIX vs NPCT | |
| Holbrook Income Fund Class I | 2.22% | — | Jul 2016 | MTMIX vs HOBIX |
Lowest Volatility Alternatives to MTMIX
MTMIX has 3.80% 1-year volatility. There are 51 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.12% | — | Jun 2017 | MTMIX vs AMFIX | |
| Archer Income Fund | 1.80% | — | Mar 2011 | MTMIX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 1.96% | — | Jul 2010 | MTMIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 2.02% | — | Jul 2010 | MTMIX vs LCTIX | |
| Holbrook Income Fund Class I | 2.02% | — | Jul 2016 | MTMIX vs HOBIX |
Lowest Drawdown Alternatives to MTMIX
MTMIX has a 1-year max drawdown of -2.70%. There are 25 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | MTMIX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | MTMIX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.16% | — | Apr 1997 | MTMIX vs GUGAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | MTMIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | MTMIX vs LCTIX |
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 | 10 | 5.23% | — | Jul 1995 | MTMIX vs MLAAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 62 | 9.53% | — | Jan 2004 | MTMIX vs MSXAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 80 | 1.40% | — | May 1986 | MTMIX vs MHCAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 64 | 9.65% | — | Jan 1991 | MTMIX vs MSPIX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 92 | 18.65% | — | Dec 2005 | MTMIX vs EPSYX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 78 | 0.99% | — | Jan 1991 | MTMIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 19 | 15.19% | — | Dec 1996 | MTMIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 12 | 1.11% | — | Aug 2006 | MTMIX vs KLGAX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 85 | 14.23% | — | Dec 2008 | MTMIX vs EPLCX | |
| MainStay Floating Rate Fund | Bank Loan | 62 | 0.75% | — | May 2004 | MTMIX vs MXFIX |
Often Compared With MTMIX
Investors most often compare MTMIX with NLSIX, SCHZ, LMSMX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | Long-Short | 18 | 1.05% | — | Dec 2011 | MTMIX vs NLSIX | |
| Schwab U.S. Aggregate Bond ETF | Total Bond Market | 32 | 0.47% | 10.56B | Jul 2011 | MTMIX vs SCHZ | |
| Western Asset SMASh Series M Fund | Intermediate Core-Plus Bond | 36 | 0.70% | — | Dec 2006 | MTMIX vs LMSMX | |
| Brandes Core Plus Fixed Income Fund | Intermediate Core-Plus Bond | 17 | -0.08% | — | Dec 2007 | MTMIX vs BCPIX | |
| Ancora Income Fund | Intermediate Core-Plus Bond | 19 | 1.53% | — | Jan 2004 | MTMIX vs AAIIX | |
| MainStay Moderate Allocation Fund | Diversified Portfolio | 62 | 7.95% | — | Apr 2005 | MTMIX vs MMRIX | |
| TCW Total Return Bond Fund | Intermediate Core-Plus Bond | 35 | 1.12% | — | Jun 1993 | MTMIX vs TGLMX | |
| TIAA-CREF Green Bond Fund | Intermediate Core-Plus Bond | 32 | 0.46% | — | Nov 2018 | MTMIX vs TGRNX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 29 | -0.05% | — | Jun 2018 | MTMIX vs MWIGX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | Intermediate Core-Plus Bond | 46 | 2.21% | — | Sep 2007 | MTMIX vs SEATX |
Compare MTMIX with Any Fund or Stock
Compare MTMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MTMIX with funds that move differently
MainStay MacKay Total Return Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MTMIX.
Explore MTMIX Diversifiers