EPSYX vs. MGXIX
EPSYX (MainStay Epoch Global Equity Yield Fund) and MGXIX (MainStay Equity Allocation Fund) are both mutual funds - EPSYX is a Global Equities fund managed by New York Life, while MGXIX is a Diversified Portfolio fund managed by New York Life. Over the past 10 years, EPSYX returned 10.82%/yr vs 10.81%/yr for MGXIX. Their correlation of 0.87 suggests significant overlap in exposure. EPSYX charges 0.84%/yr vs 0.12%/yr for MGXIX.
Performance
EPSYX vs. MGXIX - Performance Comparison
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Returns By Period
In the year-to-date period, EPSYX achieves a 18.61% return, which is significantly higher than MGXIX's 10.99% return. Both investments have delivered pretty close results over the past 10 years, with EPSYX having a 10.82% annualized return and MGXIX not far behind at 10.81%.
EPSYX
- 1D
- 0.28%
- 1M
- 1.78%
- YTD
- 18.61%
- 6M
- 17.84%
- 1Y
- 30.25%
- 3Y*
- 21.46%
- 5Y*
- 13.09%
- 10Y*
- 10.82%
MGXIX
- 1D
- 0.55%
- 1M
- 0.20%
- YTD
- 10.99%
- 6M
- 9.74%
- 1Y
- 21.36%
- 3Y*
- 15.97%
- 5Y*
- 7.82%
- 10Y*
- 10.81%
EPSYX vs. MGXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPSYX MainStay Epoch Global Equity Yield Fund | 18.61% | 22.09% | 15.38% | 12.50% | -5.37% | 17.40% | -1.38% | 23.19% | -9.23% | 16.31% |
MGXIX MainStay Equity Allocation Fund | 10.99% | 14.31% | 11.47% | 17.67% | -17.08% | 20.76% | 15.71% | 24.59% | -13.47% | 18.74% |
Correlation
The correlation between EPSYX and MGXIX is 0.84, 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 | 0.84 |
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 MGXIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
EPSYX vs. MGXIX — Risk / Return Rank
EPSYX
MGXIX
EPSYX vs. MGXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch Global Equity Yield Fund (EPSYX) and MainStay Equity Allocation Fund (MGXIX). 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 | MGXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.33 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 2.42 | +1.95 |
| Martin ratioReturn relative to average drawdown | 17.08 | 10.59 | +6.50 |
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Drawdowns
EPSYX vs. MGXIX - Drawdown Comparison
The maximum EPSYX drawdown since its inception was -48.92%, smaller than the maximum MGXIX drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for EPSYX and MGXIX.
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Drawdown Indicators
| EPSYX | MGXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.92% | -53.45% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.33% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -18.23% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -25.63% | +6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -36.35% | -34.63% | -1.72% |
Current DrawdownCurrent decline from peak | -0.99% | -1.33% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -8.39% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.13% | -0.29% |
Volatility
EPSYX vs. MGXIX - Volatility Comparison
The current volatility for MainStay Epoch Global Equity Yield Fund (EPSYX) is 3.76%, while MainStay Equity Allocation Fund (MGXIX) has a volatility of 4.85%. This indicates that EPSYX experiences smaller price fluctuations and is considered to be less risky than MGXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPSYX | MGXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 4.85% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 10.36% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 12.63% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 15.81% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 17.08% | -2.27% |
EPSYX vs. MGXIX - Expense Ratio Comparison
EPSYX has a 0.84% expense ratio, which is higher than MGXIX's 0.12% expense ratio.
Dividends
EPSYX vs. MGXIX - Dividend Comparison
EPSYX's dividend yield for the trailing twelve months is around 6.71%, more than MGXIX's 5.51% 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% |
MGXIX MainStay Equity Allocation Fund | 5.51% | 6.12% | 6.68% | 0.00% | 11.02% | 12.58% | 4.97% | 5.52% | 12.44% | 3.42% | 2.90% | 5.94% |
Frequently Asked Questions
EPSYX and MGXIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGXIX has higher volatility (4.85%) compared to EPSYX (3.76%). In terms of maximum drawdown, EPSYX dropped -48.92% vs MGXIX's -53.45%.
EPSYX currently has the higher Sharpe Ratio (2.99 vs 1.79), 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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