CRARX vs. MYIIX
CRARX (MainStay CBRE Real Estate Fund) and MYIIX (MainStay WMC International Research Equity Fund) are both mutual funds - CRARX is a REIT fund managed by New York Life, while MYIIX is a Foreign Large Cap Equities fund managed by New York Life. Over the past 10 years, CRARX returned 5.42%/yr vs 8.25%/yr for MYIIX. At a 0.47 correlation, their price movements are largely independent. CRARX charges 0.83%/yr vs 0.86%/yr for MYIIX.
Performance
CRARX vs. MYIIX - Performance Comparison
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Returns By Period
In the year-to-date period, CRARX achieves a 16.77% return, which is significantly higher than MYIIX's 11.58% return. Over the past 10 years, CRARX has underperformed MYIIX with an annualized return of 5.42%, while MYIIX has yielded a comparatively higher 8.25% annualized return.
CRARX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 16.77%
- 6M
- 16.43%
- 1Y
- 16.84%
- 3Y*
- 10.57%
- 5Y*
- 3.14%
- 10Y*
- 5.42%
MYIIX
- 1D
- -0.60%
- 1M
- -0.34%
- YTD
- 11.58%
- 6M
- 11.80%
- 1Y
- 31.84%
- 3Y*
- 20.19%
- 5Y*
- 9.46%
- 10Y*
- 8.25%
CRARX vs. MYIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 16.77% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
MYIIX MainStay WMC International Research Equity Fund | 11.58% | 39.10% | 7.56% | 13.56% | -15.94% | 10.65% | 1.75% | 17.15% | -23.31% | 23.20% |
Correlation
The correlation between CRARX and MYIIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | 0.47 |
The correlation between CRARX and MYIIX shifts across timeframes, from 0.28 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRARX vs. MYIIX — Risk / Return Rank
CRARX
MYIIX
CRARX vs. MYIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and MainStay WMC International Research Equity Fund (MYIIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRARX | MYIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.88 | -1.14 |
| Martin ratioReturn relative to average drawdown | 5.49 | 11.03 | -5.54 |
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Drawdowns
CRARX vs. MYIIX - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, which is greater than MYIIX's maximum drawdown of -62.79%. Use the drawdown chart below to compare losses from any high point for CRARX and MYIIX.
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Drawdown Indicators
| CRARX | MYIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -62.79% | -9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -11.17% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -13.81% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -30.71% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -44.88% | -0.31% |
Current DrawdownCurrent decline from peak | -2.76% | -3.26% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -17.14% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.90% | -0.33% |
Volatility
CRARX vs. MYIIX - Volatility Comparison
The current volatility for MainStay CBRE Real Estate Fund (CRARX) is 5.09%, while MainStay WMC International Research Equity Fund (MYIIX) has a volatility of 6.49%. This indicates that CRARX experiences smaller price fluctuations and is considered to be less risky than MYIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRARX | MYIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 6.49% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 12.57% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 14.56% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 15.39% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 15.83% | +5.49% |
CRARX vs. MYIIX - Expense Ratio Comparison
CRARX has a 0.83% expense ratio, which is lower than MYIIX's 0.86% expense ratio.
Dividends
CRARX vs. MYIIX - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 2.15%, less than MYIIX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.15% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
MYIIX MainStay WMC International Research Equity Fund | 2.62% | 2.92% | 1.88% | 2.05% | 1.98% | 2.74% | 2.13% | 10.18% | 6.35% | 1.76% | 3.16% | 0.90% |
Frequently Asked Questions
CRARX and MYIIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYIIX has higher volatility (6.49%) compared to CRARX (5.09%). In terms of maximum drawdown, CRARX dropped -72.66% vs MYIIX's -62.79%.
MYIIX currently has the higher Sharpe Ratio (2.22 vs 1.03), 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.
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