CSHZX vs. ICPAX

Last updated Aug 1, 2026

CSHZX (MainStay Cushing MLP Premier Fund) and ICPAX (Integrity Mid-North American Resources Fund) are both Energy Equities funds. Over the past 10 years, CSHZX returned 10.40%/yr vs 7.46%/yr for ICPAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. CSHZX charges 1.20%/yr vs 1.50%/yr for ICPAX.

Performance

CSHZX vs. ICPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Cushing MLP Premier Fund (CSHZX) and Integrity Mid-North American Resources Fund (ICPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSHZX having a 27.07% return and ICPAX slightly lower at 26.56%. Over the past 10 years, CSHZX has outperformed ICPAX with an annualized return of 10.40%, while ICPAX has yielded a comparatively lower 7.46% annualized return.

CSHZX

• 1D: 0.57%
• 1M: 3.00%
• 6M: 18.51%
• YTD: 27.07%
• 1Y: 27.37%
• 3Y*: 25.13%
• 5Y*: 23.02%
• 10Y*: 10.40%
• ALL TIME*: 6.78%

ICPAX

• 1D: 1.87%
• 1M: 2.22%
• 6M: 14.45%
• YTD: 26.56%
• 1Y: 36.78%
• 3Y*: 19.09%
• 5Y*: 19.78%
• 10Y*: 7.46%
• ALL TIME*: 5.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSHZX MainStay Cushing MLP Premier Fund	$0.00	$0.00	$0.00
ICPAX Integrity Mid-North American Resources Fund	$0.00	$0.00	$0.00

CSHZX vs. ICPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSHZX MainStay Cushing MLP Premier Fund	27.07%	3.69%	41.96%	15.20%	24.20%	38.80%	-28.06%	12.37%	-12.72%	-8.10%
ICPAX Integrity Mid-North American Resources Fund	26.56%	18.11%	17.52%	-1.37%	29.10%	32.79%	-24.34%	14.25%	-30.97%	-7.51%

Correlation

The correlation between CSHZX and ICPAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Oct 19, 2010	0.78

The correlation between CSHZX and ICPAX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

Return for Risk

CSHZX vs. ICPAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CSHZX

CSHZX Risk / Return Rank: 77
CSHZX Sharpe Ratio Rank: 77
CSHZX Sortino Ratio Rank: 74
CSHZX Omega Ratio Rank: 70
CSHZX Calmar Ratio Rank: 94
CSHZX Martin Ratio Rank: 72

ICPAX

ICPAX Risk / Return Rank: 84
ICPAX Sharpe Ratio Rank: 83
ICPAX Sortino Ratio Rank: 76
ICPAX Omega Ratio Rank: 75
ICPAX Calmar Ratio Rank: 96
ICPAX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CSHZX vs. ICPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Cushing MLP Premier Fund (CSHZX) and Integrity Mid-North American Resources Fund (ICPAX). 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.

	CSHZX	ICPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.00	-0.15
Sortino ratio: Return per unit of downside risk	2.57	2.62	-0.05
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	4.03	4.75	-0.72
Martin ratio: Return relative to average drawdown	9.15	11.89	-2.73

CSHZX vs. ICPAX - Sharpe Ratio Comparison

The current CSHZX Sharpe Ratio is 1.85, which is comparable to the ICPAX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of CSHZX and ICPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSHZX vs. ICPAX - Drawdown Comparison

The maximum CSHZX drawdown since its inception was -76.00%, roughly equal to the maximum ICPAX drawdown of -77.39%. Use the drawdown chart below to compare losses from any high point for CSHZX and ICPAX.

Drawdown Indicators

	CSHZX	ICPAX	Difference
Max Drawdown Largest peak-to-trough decline	-76.00%	-77.39%	+1.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-7.38%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-18.32%	-22.60%	+4.28%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-26.18%	+6.28%
Max Drawdown (10Y) Largest decline over 10 years	-70.12%	-71.43%	+1.31%
Current Drawdown Current decline from peak	-3.23%	-5.21%	+1.98%
Average Drawdown Average peak-to-trough decline	-18.56%	-30.48%	+11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.94%	+0.08%

Volatility

CSHZX vs. ICPAX - Volatility Comparison

The current volatility for MainStay Cushing MLP Premier Fund (CSHZX) is 5.48%, while Integrity Mid-North American Resources Fund (ICPAX) has a volatility of 5.88%. This indicates that CSHZX experiences smaller price fluctuations and is considered to be less risky than ICPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSHZX	ICPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	5.88%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	13.35%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	17.53%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	25.19%	-5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.22%	28.64%	-2.42%

CSHZX vs. ICPAX - Expense Ratio Comparison

CSHZX has a 1.20% expense ratio, which is lower than ICPAX's 1.50% expense ratio.

Dividends

CSHZX vs. ICPAX - Dividend Comparison

CSHZX's dividend yield for the trailing twelve months is around 8.98%, more than ICPAX's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSHZX MainStay Cushing MLP Premier Fund	8.98%	11.65%	6.16%	8.16%	8.77%	11.69%	14.40%	8.96%	13.78%	10.72%	10.40%	9.96%
ICPAX Integrity Mid-North American Resources Fund	0.22%	0.60%	1.07%	1.50%	1.24%	1.26%	1.95%	1.56%	0.60%	0.08%	0.17%	0.72%

Frequently Asked Questions

Can I hold both CSHZX and ICPAX in my portfolio?

CSHZX and ICPAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSHZX or ICPAX?

ICPAX has higher volatility (5.88%) compared to CSHZX (5.48%). In terms of maximum drawdown, CSHZX dropped -76.00% vs ICPAX's -77.39%.

Which has better risk-adjusted returns?

ICPAX currently has the higher Sharpe Ratio (2.00 vs 1.85), 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.