MainStay Floating Rate Fund (MXFIX) Alternatives
MainStay Floating Rate Fund (MXFIX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MXFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MXFIX
MXFIX charges 0.74% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among MXFIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | MXFIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | MXFIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | MXFIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | Jan 30, 2008 | MXFIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | MXFIX vs LFRIX |
Best Risk-Adjusted Alternatives to MXFIX
Among mutual funds in the Bank Loan category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | MXFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | MXFIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | MXFIX vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | MXFIX vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | MXFIX vs PYFRX |
Top Performing MXFIX Alternatives (YTD)
MXFIX alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | MXFIX vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | MXFIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | MXFIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | MXFIX vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | MXFIX vs DFRTX |
Lowest Volatility Alternatives to MXFIX
MXFIX alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | MXFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | MXFIX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | MXFIX vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | MXFIX vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | MXFIX vs SFHIX |
Lowest Drawdown Alternatives to MXFIX
MXFIX alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | MXFIX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | MXFIX vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | MXFIX vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | MXFIX vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | MXFIX vs DFLYX |
Other Mutual Funds from New York Life
Most popular New York Life mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 10 | -15.36% | Jul 3, 1995 | MXFIX vs MLAAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 80 | -0.62% | May 1, 1986 | MXFIX vs MHCAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 41 | -7.16% | Jan 2, 2004 | MXFIX vs MSXAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 42 | -7.11% | Jan 2, 1991 | MXFIX vs MSPIX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 19 | -13.45% | Aug 7, 2006 | MXFIX vs KLGAX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 91 | -0.03% | Jan 1, 1991 | MXFIX vs MSTIX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 54 | 1.68% | Dec 3, 2008 | MXFIX vs EPLCX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 83 | 2.83% | Dec 26, 2005 | MXFIX vs EPSYX | |
| MainStay CBRE Real Estate Fund | REIT | 8 | 3.34% | Dec 31, 1996 | MXFIX vs CRARX | |
| MainStay MacKay High Yield Corporate Bond Fund | High Yield Bonds | — | — | May 1, 1986 | MXFIX vs MKHCX |
Often Compared With MXFIX
What investors most often compare with MXFIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay Balanced Fund | Diversified Portfolio | 39 | -1.36% | Apr 30, 1989 | MXFIX vs MBAIX | |
| MainStay WMC Enduring Capital Fund | Large Cap Blend Equities | 1 | -4.54% | Jun 1, 1998 | MXFIX vs MSOAX | |
| MainStay Equity Allocation Fund | Diversified Portfolio | 32 | -5.05% | Apr 3, 2005 | MXFIX vs MGXIX | |
| MainStay Growth Allocation Fund | Diversified Portfolio | 38 | -3.96% | Apr 3, 2005 | MXFIX vs MGDIX | |
| Pacific Funds Floating Rate Income | Bank Loan | 93 | -1.34% | Jun 29, 2011 | MXFIX vs PLFRX | |
| MainStay WMC International Research Equity Fund | Foreign Large Cap Equities | 87 | -0.87% | Sep 28, 2007 | MXFIX vs MYIIX |
Compare MXFIX with Any Fund or Stock
Compare MXFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.