BEMIX vs. MCYVX

Last updated Jun 4, 2026

BEMIX (Brandes Emerging Markets Fund) and MCYVX (MainStay Candriam Emerging Markets Equity Fund) are both Emerging Markets Diversified funds. Over the past 5 years, BEMIX returned 13.00%/yr vs 6.71%/yr for MCYVX. A 0.75 correlation means they provide meaningful diversification when combined. BEMIX charges 1.12%/yr vs 1.57%/yr for MCYVX.

Performance

BEMIX vs. MCYVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes Emerging Markets Fund (BEMIX) and MainStay Candriam Emerging Markets Equity Fund (MCYVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEMIX achieves a 25.80% return, which is significantly lower than MCYVX's 33.97% return.

BEMIX

• 1D: 0.79%
• 1M: 7.59%
• YTD: 25.80%
• 6M: 27.44%
• 1Y: 60.96%
• 3Y*: 28.65%
• 5Y*: 13.00%
• 10Y*: 10.25%

MCYVX

• 1D: 0.97%
• 1M: 6.59%
• YTD: 33.97%
• 6M: 37.77%
• 1Y: 70.85%
• 3Y*: 28.12%
• 5Y*: 6.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEMIX vs. MCYVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BEMIX Brandes Emerging Markets Fund	25.80%	47.83%	4.01%	22.53%	-15.91%	1.68%	-6.17%	18.60%	-17.10%
MCYVX MainStay Candriam Emerging Markets Equity Fund	33.97%	34.98%	11.91%	6.92%	-28.37%	-4.28%	35.91%	21.56%	-26.04%

Correlation

The correlation between BEMIX and MCYVX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018	0.75

The correlation between BEMIX and MCYVX shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BEMIX vs. MCYVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEMIX

BEMIX Risk / Return Rank: 94
BEMIX Sharpe Ratio Rank: 97
BEMIX Sortino Ratio Rank: 93
BEMIX Omega Ratio Rank: 93
BEMIX Calmar Ratio Rank: 93
BEMIX Martin Ratio Rank: 94

MCYVX

MCYVX Risk / Return Rank: 93
MCYVX Sharpe Ratio Rank: 98
MCYVX Sortino Ratio Rank: 90
MCYVX Omega Ratio Rank: 90
MCYVX Calmar Ratio Rank: 95
MCYVX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEMIX vs. MCYVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes Emerging Markets Fund (BEMIX) and MainStay Candriam Emerging Markets Equity Fund (MCYVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BEMIX	MCYVX	Difference
Sharpe ratio: Return per unit of total volatility	3.70	3.79	-0.09
Sortino ratio: Return per unit of downside risk	4.63	4.46	+0.17
Omega ratio: Gain probability vs. loss probability	1.72	1.65	+0.07
Calmar ratio: Return relative to maximum drawdown	5.10	5.95	-0.84
Martin ratio: Return relative to average drawdown	21.30	21.38	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEMIX vs. MCYVX - Sharpe Ratio Comparison

The current BEMIX Sharpe Ratio is 3.70, which is comparable to the MCYVX Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of BEMIX and MCYVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BEMIX	MCYVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.70	3.79	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.40	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.40	-0.09

Drawdowns

BEMIX vs. MCYVX - Drawdown Comparison

The maximum BEMIX drawdown since its inception was -46.05%, roughly equal to the maximum MCYVX drawdown of -44.62%. Use the drawdown chart below to compare losses from any high point for BEMIX and MCYVX.

Drawdown Indicators

	BEMIX	MCYVX	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-44.62%	-1.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-12.12%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.08%	-17.79%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-36.37%	-41.04%	+4.67%
Max Drawdown (10Y) Largest decline over 10 years	-46.05%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-14.18%	-20.86%	+6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.36%	-0.47%

Volatility

BEMIX vs. MCYVX - Volatility Comparison

Brandes Emerging Markets Fund (BEMIX) and MainStay Candriam Emerging Markets Equity Fund (MCYVX) have volatilities of 6.65% and 6.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEMIX	MCYVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	6.79%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	16.10%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	19.01%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	16.93%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	18.76%	-1.67%

BEMIX vs. MCYVX - Expense Ratio Comparison

BEMIX has a 1.12% expense ratio, which is lower than MCYVX's 1.57% expense ratio.

Dividends

BEMIX vs. MCYVX - Dividend Comparison

BEMIX's dividend yield for the trailing twelve months is around 1.71%, less than MCYVX's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEMIX Brandes Emerging Markets Fund	1.71%	2.15%	3.04%	2.45%	2.86%	2.31%	1.31%	2.56%	1.55%	1.41%	2.20%	1.54%
MCYVX MainStay Candriam Emerging Markets Equity Fund	3.93%	5.27%	0.14%	0.62%	0.63%	0.45%	0.19%	1.74%	0.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEMIX and MCYVX in my portfolio?

BEMIX and MCYVX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEMIX or MCYVX?

MCYVX has higher volatility (6.79%) compared to BEMIX (6.65%). In terms of maximum drawdown, BEMIX dropped -46.05% vs MCYVX's -44.62%.

Which has better risk-adjusted returns?

MCYVX currently has the higher Sharpe Ratio (3.79 vs 3.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.