EPLCX vs. MKHCX

Last updated Aug 1, 2026

EPLCX (MainStay Epoch U.S. Equity Yield Fund) and MKHCX (MainStay MacKay High Yield Corporate Bond Fund) are both mutual funds - EPLCX is a Large Cap Value Equities fund managed by New York Life, while MKHCX is a High Yield Bonds fund managed by New York Life. Their 0.33 correlation means their historical movements had little consistent relationship. EPLCX charges 0.73%/yr vs 1.83%/yr for MKHCX.

Performance

EPLCX vs. MKHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Epoch U.S. Equity Yield Fund (EPLCX) and MainStay MacKay High Yield Corporate Bond Fund (MKHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EPLCX

• 1D: 0.08%
• 1M: 1.27%
• 6M: 12.81%
• YTD: 17.51%
• 1Y: 26.70%
• 3Y*: 17.98%
• 5Y*: 12.43%
• 10Y*: 10.99%
• ALL TIME*: 12.66%

MKHCX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
EPLCX MainStay Epoch U.S. Equity Yield Fund	$0.00	$0.00	$0.00

EPLCX vs. MKHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPLCX MainStay Epoch U.S. Equity Yield Fund	17.51%	14.03%	18.42%	8.83%	-2.56%	22.98%	0.24%	23.98%	-5.37%	16.91%
MKHCX MainStay MacKay High Yield Corporate Bond Fund	0.00%	1.00%	5.72%	10.54%	-9.09%	4.07%	4.14%	11.68%	-2.55%	5.69%

Correlation

The correlation between EPLCX and MKHCX is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008	0.33

The correlation between EPLCX and MKHCX shifts across timeframes, from 0.33 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EPLCX vs. MKHCX — Risk / Return Rank

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

EPLCX

EPLCX Risk / Return Rank: 92
EPLCX Sharpe Ratio Rank: 94
EPLCX Sortino Ratio Rank: 92
EPLCX Omega Ratio Rank: 88
EPLCX Calmar Ratio Rank: 93
EPLCX Martin Ratio Rank: 95

MKHCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EPLCX vs. MKHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch U.S. Equity Yield Fund (EPLCX) and MainStay MacKay High Yield Corporate Bond Fund (MKHCX). 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.

	EPLCX	MKHCX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.61	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.92	—	—
Martin ratio: Return relative to average drawdown	15.81	—	—

Drawdowns

Drawdown Indicators

	EPLCX	MKHCX	Difference
Max Drawdown Largest peak-to-trough decline	-35.85%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.85%	—	—
Current Drawdown Current decline from peak	-1.46%	—	—
Average Drawdown Average peak-to-trough decline	-3.51%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	—	—

Volatility

Volatility by Period

	EPLCX	MKHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	—	—

EPLCX vs. MKHCX - Expense Ratio Comparison

EPLCX has a 0.73% expense ratio, which is lower than MKHCX's 1.83% expense ratio.

Dividends

EPLCX vs. MKHCX - Dividend Comparison

EPLCX's dividend yield for the trailing twelve months is around 6.25%, while MKHCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPLCX MainStay Epoch U.S. Equity Yield Fund	6.25%	7.30%	10.72%	5.56%	3.83%	1.90%	2.36%	4.00%	5.75%	5.55%	1.98%	6.59%
MKHCX MainStay MacKay High Yield Corporate Bond Fund	0.00%	0.42%	4.98%	4.69%	4.21%	4.19%	4.72%	4.78%	5.09%	5.39%	5.40%	5.85%

Frequently Asked Questions

Can I hold both EPLCX and MKHCX in my portfolio?

EPLCX and MKHCX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.