EPSYX vs. MGDIX

Last updated Jun 23, 2026

EPSYX (MainStay Epoch Global Equity Yield Fund) and MGDIX (MainStay Growth Allocation Fund) are both mutual funds - EPSYX is a Global Equities fund managed by New York Life, while MGDIX is a Diversified Portfolio fund managed by New York Life. Over the past 10 years, EPSYX returned 10.32%/yr vs 8.76%/yr for MGDIX. Their correlation of 0.87 suggests significant overlap in exposure. EPSYX charges 0.84%/yr vs 0.10%/yr for MGDIX.

Performance

EPSYX vs. MGDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Epoch Global Equity Yield Fund (EPSYX) and MainStay Growth Allocation Fund (MGDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPSYX achieves a 18.44% return, which is significantly higher than MGDIX's 10.48% return. Over the past 10 years, EPSYX has outperformed MGDIX with an annualized return of 10.32%, while MGDIX has yielded a comparatively lower 8.76% annualized return.

EPSYX

• 1D: 0.52%
• 1M: 1.96%
• YTD: 18.44%
• 6M: 18.11%
• 1Y: 32.60%
• 3Y*: 20.66%
• 5Y*: 13.42%
• 10Y*: 10.32%

MGDIX

• 1D: 0.95%
• 1M: 1.85%
• YTD: 10.48%
• 6M: 9.99%
• 1Y: 22.27%
• 3Y*: 13.33%
• 5Y*: 7.55%
• 10Y*: 8.76%

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

EPSYX vs. MGDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPSYX MainStay Epoch Global Equity Yield Fund	18.44%	22.09%	15.38%	12.50%	-5.37%	17.40%	-1.38%	23.19%	-9.23%	16.31%
MGDIX MainStay Growth Allocation Fund	10.48%	12.70%	9.98%	14.52%	-14.25%	16.64%	13.78%	21.36%	-11.50%	15.15%

Correlation

The correlation between EPSYX and MGDIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 27, 2005	0.87

The correlation between EPSYX and MGDIX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

EPSYX vs. MGDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPSYX

EPSYX Risk / Return Rank: 91
EPSYX Sharpe Ratio Rank: 95
EPSYX Sortino Ratio Rank: 91
EPSYX Omega Ratio Rank: 86
EPSYX Calmar Ratio Rank: 91
EPSYX Martin Ratio Rank: 92

MGDIX

MGDIX Risk / Return Rank: 61
MGDIX Sharpe Ratio Rank: 60
MGDIX Sortino Ratio Rank: 58
MGDIX Omega Ratio Rank: 58
MGDIX Calmar Ratio Rank: 59
MGDIX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPSYX vs. MGDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch Global Equity Yield Fund (EPSYX) and MainStay Growth Allocation Fund (MGDIX). 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.

	EPSYX	MGDIX	Difference
Sharpe ratio: Return per unit of total volatility	3.09	2.10	+0.99
Sortino ratio: Return per unit of downside risk	4.22	2.92	+1.30
Omega ratio: Gain probability vs. loss probability	1.55	1.38	+0.17
Calmar ratio: Return relative to maximum drawdown	4.54	2.82	+1.72
Martin ratio: Return relative to average drawdown	17.80	12.31	+5.48

EPSYX vs. MGDIX - Sharpe Ratio Comparison

The current EPSYX Sharpe Ratio is 3.09, which is higher than the MGDIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of EPSYX and MGDIX, 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

EPSYX vs. MGDIX - Drawdown Comparison

The maximum EPSYX drawdown since its inception was -48.92%, which is greater than MGDIX's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for EPSYX and MGDIX.

Drawdown Indicators

	EPSYX	MGDIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.92%	-46.05%	-2.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-7.84%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-12.95%	-15.67%	+2.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.92%	-22.24%	+3.32%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	-30.13%	-6.22%
Current Drawdown Current decline from peak	-1.12%	-0.17%	-0.95%
Average Drawdown Average peak-to-trough decline	-6.89%	-6.22%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.79%	+0.04%

Volatility

EPSYX vs. MGDIX - Volatility Comparison

MainStay Epoch Global Equity Yield Fund (EPSYX) and MainStay Growth Allocation Fund (MGDIX) have volatilities of 3.89% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPSYX	MGDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.97%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	8.56%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	10.51%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	13.29%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	14.14%	+0.76%

EPSYX vs. MGDIX - Expense Ratio Comparison

EPSYX has a 0.84% expense ratio, which is higher than MGDIX's 0.10% expense ratio.

Dividends

EPSYX vs. MGDIX - Dividend Comparison

EPSYX's dividend yield for the trailing twelve months is around 6.71%, more than MGDIX's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPSYX MainStay Epoch Global Equity Yield Fund	6.71%	8.24%	10.13%	2.71%	2.64%	2.66%	2.74%	6.87%	9.87%	2.24%	3.18%	9.65%
MGDIX MainStay Growth Allocation Fund	4.62%	5.11%	8.27%	0.14%	7.62%	11.17%	5.44%	4.58%	11.08%	2.83%	2.25%	5.77%

Frequently Asked Questions

Can I hold both EPSYX and MGDIX in my portfolio?

EPSYX and MGDIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPSYX or MGDIX?

MGDIX has higher volatility (3.97%) compared to EPSYX (3.89%). In terms of maximum drawdown, EPSYX dropped -48.92% vs MGDIX's -46.05%.

Which has better risk-adjusted returns?

EPSYX currently has the higher Sharpe Ratio (3.09 vs 2.10), 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.