CSHZX vs. MXFIX
CSHZX (MainStay Cushing MLP Premier Fund) and MXFIX (MainStay Floating Rate Fund) are both mutual funds - CSHZX is a Energy Equities fund managed by New York Life, while MXFIX is a Bank Loan fund managed by New York Life. Over the past 10 years, CSHZX returned 10.21%/yr vs 4.62%/yr for MXFIX. At a 0.17 correlation, their price movements are largely independent. CSHZX charges 1.20%/yr vs 0.74%/yr for MXFIX.
Performance
CSHZX vs. MXFIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSHZX achieves a 26.80% return, which is significantly higher than MXFIX's 1.28% return. Over the past 10 years, CSHZX has outperformed MXFIX with an annualized return of 10.21%, while MXFIX has yielded a comparatively lower 4.62% annualized return.
CSHZX
- 1D
- -0.71%
- 1M
- 1.25%
- 6M
- 27.36%
- YTD
- 26.80%
- 1Y
- 28.59%
- 3Y*
- 27.11%
- 5Y*
- 22.02%
- 10Y*
- 10.21%
MXFIX
- 1D
- 0.00%
- 1M
- 0.53%
- 6M
- 1.16%
- YTD
- 1.28%
- 1Y
- 3.74%
- 3Y*
- 6.47%
- 5Y*
- 5.10%
- 10Y*
- 4.62%
CSHZX vs. MXFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSHZX MainStay Cushing MLP Premier Fund | 26.80% | 3.69% | 41.96% | 15.20% | 24.20% | 38.80% | -28.06% | 12.37% | -12.72% | -8.10% |
MXFIX MainStay Floating Rate Fund | 1.28% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Correlation
The correlation between CSHZX and MXFIX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2010 | 0.17 |
The correlation between CSHZX and MXFIX shifts across timeframes, from -0.13 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSHZX vs. MXFIX — Risk / Return Rank
CSHZX
MXFIX
CSHZX vs. MXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Cushing MLP Premier Fund (CSHZX) and MainStay Floating Rate Fund (MXFIX). 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 | MXFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.25 | +2.00 |
| Martin ratioReturn relative to average drawdown | 9.73 | 7.10 | +2.63 |
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Drawdowns
CSHZX vs. MXFIX - Drawdown Comparison
The maximum CSHZX drawdown since its inception was -76.00%, which is greater than MXFIX's maximum drawdown of -25.01%. Use the drawdown chart below to compare losses from any high point for CSHZX and MXFIX.
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Drawdown Indicators
| CSHZX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.00% | -25.01% | -50.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -1.73% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -2.57% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -6.34% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -70.12% | -20.09% | -50.03% |
Current DrawdownCurrent decline from peak | -2.55% | 0.00% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -1.20% | -17.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 0.55% | +2.45% |
Volatility
CSHZX vs. MXFIX - Volatility Comparison
MainStay Cushing MLP Premier Fund (CSHZX) has a higher volatility of 5.23% compared to MainStay Floating Rate Fund (MXFIX) at 0.64%. This indicates that CSHZX's price experiences larger fluctuations and is considered to be riskier than MXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHZX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 0.64% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 1.70% | +9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 2.41% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 2.70% | +17.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.22% | 3.82% | +22.40% |
CSHZX vs. MXFIX - Expense Ratio Comparison
CSHZX has a 1.20% expense ratio, which is higher than MXFIX's 0.74% expense ratio.
Dividends
CSHZX vs. MXFIX - Dividend Comparison
CSHZX's dividend yield for the trailing twelve months is around 9.45%, more than MXFIX's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHZX MainStay Cushing MLP Premier Fund | 9.45% | 11.65% | 6.16% | 8.16% | 8.77% | 11.69% | 14.40% | 8.96% | 13.78% | 10.72% | 10.40% | 9.96% |
MXFIX MainStay Floating Rate Fund | 7.10% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Frequently Asked Questions
CSHZX and MXFIX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHZX has higher volatility (5.23%) compared to MXFIX (0.64%). In terms of maximum drawdown, CSHZX dropped -76.00% vs MXFIX's -25.01%.
CSHZX currently has the higher Sharpe Ratio (1.96 vs 1.61), 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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