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 a closer substitute for your current allocation.
Cheapest Alternatives to MXFIX
MXFIX charges 0.74% annually. There are 16 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | MXFIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | MXFIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | MXFIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | MXFIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | MXFIX vs LFRIX |
Best Risk-Adjusted Alternatives to MXFIX
MXFIX has a PortfoliosLab risk / return rank of 61. There are 29 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | MXFIX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | MXFIX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | MXFIX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | MXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | 94 | — | Mar 2011 | MXFIX vs FRFZX |
Top Performing MXFIX Alternatives (YTD)
MXFIX is at 0.99% YTD. There are 35 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.22% | — | Dec 2009 | MXFIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.83% | — | Jan 2017 | MXFIX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.69% | — | Feb 2006 | MXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | MXFIX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.19% | — | Jun 2023 | MXFIX vs CAPIX |
Lowest Volatility Alternatives to MXFIX
MXFIX has 2.45% 1-year volatility. There are 30 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | MXFIX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | MXFIX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | MXFIX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.65% | — | Oct 2014 | MXFIX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.66% | — | Dec 2017 | MXFIX vs FLOTX |
Lowest Drawdown Alternatives to MXFIX
MXFIX has a 1-year max drawdown of -1.73%. There are 34 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | MXFIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | MXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | MXFIX vs FRFZX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | MXFIX vs CFOIX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | MXFIX vs PSFIX |
Other Mutual Funds from New York Life
The 10 most viewed New York Life mutual funds shown here include MLAAX, MHCAX, MSXAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay Winslow Large Cap Growth Fund | Large Cap Growth Equities | 11 | 6.26% | — | Jul 1995 | MXFIX vs MLAAX | |
| MainStay MacKay High Yield Corporate Bond Fund Cla... | High Yield Bonds | 85 | 1.40% | — | May 1986 | MXFIX vs MHCAX | |
| NYLI S&P 500 Index Class A | S&P 500 | 71 | 11.46% | — | Jan 2004 | MXFIX vs MSXAX | |
| MainStay S&P 500 Index Fund | Large Cap Blend Equities | 72 | 11.58% | — | Jan 1991 | MXFIX vs MSPIX | |
| MainStay Epoch Global Equity Yield Fund | Global Equities | 92 | 19.79% | — | Dec 2005 | MXFIX vs EPSYX | |
| MainStay MacKay Short Term Municipal Fund | Municipal Bonds | 80 | 1.10% | — | Jan 1991 | MXFIX vs MSTIX | |
| MainStay CBRE Real Estate Fund | REIT | 13 | 12.42% | — | Dec 1996 | MXFIX vs CRARX | |
| MainStay WMC Growth Fund | Large Cap Growth Equities | 19 | 5.78% | — | Aug 2006 | MXFIX vs KLGAX | |
| MainStay Epoch U.S. Equity Yield Fund | Large Cap Value Equities | 81 | 13.83% | — | Dec 2008 | MXFIX vs EPLCX | |
| MainStay Moderate Allocation Fund | Diversified Portfolio | 61 | 8.30% | — | Apr 2005 | MXFIX vs MMRIX |
Often Compared With MXFIX
Investors most often compare MXFIX with MKHCX, MSOAX, MGXIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MXFIX with Any Fund or Stock
Compare MXFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MXFIX with funds that move differently
MainStay Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MXFIX.
Explore MXFIX Diversifiers