BUFHX vs. MHCAX
Compare and contrast key facts about Buffalo High Yield Fund (BUFHX) and MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX).
BUFHX is managed by Buffalo. It was launched on May 19, 1995. MHCAX is managed by New York Life. It was launched on May 1, 1986.
Performance
BUFHX vs. MHCAX - Performance Comparison
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BUFHX vs. MHCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUFHX Buffalo High Yield Fund | -0.09% | 5.11% | 10.35% | 11.68% | -5.53% | 5.52% | 9.26% | 12.33% | -2.26% | 5.98% |
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | -0.62% | 6.44% | 6.90% | 11.27% | 42.57% | 5.10% | 4.82% | 12.76% | -1.92% | 6.54% |
Returns By Period
In the year-to-date period, BUFHX achieves a -0.09% return, which is significantly higher than MHCAX's -0.62% return. Over the past 10 years, BUFHX has underperformed MHCAX with an annualized return of 5.40%, while MHCAX has yielded a comparatively higher 10.09% annualized return.
BUFHX
- 1D
- 0.48%
- 1M
- -0.90%
- YTD
- -0.09%
- 6M
- 0.43%
- 1Y
- 4.45%
- 3Y*
- 8.13%
- 5Y*
- 4.79%
- 10Y*
- 5.40%
MHCAX
- 1D
- 0.00%
- 1M
- -1.35%
- YTD
- -0.62%
- 6M
- 0.34%
- 1Y
- 4.66%
- 3Y*
- 6.70%
- 5Y*
- 13.24%
- 10Y*
- 10.09%
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BUFHX vs. MHCAX - Expense Ratio Comparison
BUFHX has a 1.02% expense ratio, which is higher than MHCAX's 0.95% expense ratio.
Return for Risk
BUFHX vs. MHCAX — Risk / Return Rank
BUFHX
MHCAX
BUFHX vs. MHCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Buffalo High Yield Fund (BUFHX) and MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX). 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.
| BUFHX | MHCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.64 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.19 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.58 | -0.14 |
Martin ratioReturn relative to average drawdown | 6.01 | 7.50 | -1.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUFHX | MHCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.64 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.54 | 0.53 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | 0.56 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.77 | +0.73 |
Correlation
The correlation between BUFHX and MHCAX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BUFHX vs. MHCAX - Dividend Comparison
BUFHX's dividend yield for the trailing twelve months is around 7.08%, more than MHCAX's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFHX Buffalo High Yield Fund | 7.08% | 6.84% | 8.03% | 6.41% | 8.05% | 7.24% | 4.11% | 4.21% | 5.17% | 4.57% | 3.85% | 5.51% |
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.62% | 6.06% | 5.90% | 5.56% | 40.91% | 5.00% | 5.52% | 5.58% | 5.94% | 6.20% | 5.69% | 6.72% |
Drawdowns
BUFHX vs. MHCAX - Drawdown Comparison
The maximum BUFHX drawdown since its inception was -26.01%, smaller than the maximum MHCAX drawdown of -29.62%. Use the drawdown chart below to compare losses from any high point for BUFHX and MHCAX.
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Drawdown Indicators
| BUFHX | MHCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.01% | -29.62% | +3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.89% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -9.98% | -11.74% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -18.98% | +0.24% |
Current DrawdownCurrent decline from peak | -1.37% | -1.48% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.15% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.61% | +0.11% |
Volatility
BUFHX vs. MHCAX - Volatility Comparison
Buffalo High Yield Fund (BUFHX) has a higher volatility of 1.39% compared to MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) at 0.95%. This indicates that BUFHX's price experiences larger fluctuations and is considered to be riskier than MHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFHX | MHCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.95% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.63% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 2.99% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 25.35% | -22.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 18.23% | -14.19% |