KLGAX vs. MKHCX

Last updated Apr 1, 2026

Compare and contrast key facts about MainStay WMC Growth Fund (KLGAX) and MainStay MacKay High Yield Corporate Bond Fund (MKHCX).

KLGAX is managed by New York Life. It was launched on Aug 7, 2006. MKHCX is managed by New York Life. It was launched on May 1, 1986.

Performance

KLGAX vs. MKHCX - Performance Comparison

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

KLGAX vs. MKHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KLGAX MainStay WMC Growth Fund	-13.45%	16.60%	25.22%	38.63%	-33.53%	17.85%	31.88%	29.41%	-4.33%	30.05%
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%

Returns By Period

KLGAX

• 1D: -0.25%
• 1M: -9.06%
• YTD: -13.45%
• 6M: -12.22%
• 1Y: 11.11%
• 3Y*: 15.65%
• 5Y*: 6.28%
• 10Y*: 11.96%

MKHCX

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

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

KLGAX vs. MKHCX - Expense Ratio Comparison

KLGAX has a 1.02% expense ratio, which is lower than MKHCX's 1.83% expense ratio.

MKHCX

MainStay MacKay High Yield Corporate Bond Fund

KLGAX

MainStay WMC Growth Fund

Return for Risk

KLGAX vs. MKHCX — Risk / Return Rank

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

KLGAX

KLGAX Risk / Return Rank: 19
KLGAX Sharpe Ratio Rank: 20
KLGAX Sortino Ratio Rank: 22
KLGAX Omega Ratio Rank: 21
KLGAX Calmar Ratio Rank: 17
KLGAX Martin Ratio Rank: 17

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.

KLGAX vs. MKHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) 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.

	KLGAX	MKHCX	Difference
Sharpe ratio Return per unit of total volatility	0.51	—	—
Sortino ratio Return per unit of downside risk	0.88	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	0.48	—	—
Martin ratio Return relative to average drawdown	1.73	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KLGAX	MKHCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Correlation

The correlation between KLGAX and MKHCX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KLGAX vs. MKHCX - Dividend Comparison

KLGAX's dividend yield for the trailing twelve months is around 3.90%, while MKHCX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLGAX MainStay WMC Growth Fund	3.90%	3.38%	3.96%	0.00%	0.00%	26.57%	3.69%	3.43%	11.10%	3.85%	8.73%	7.55%
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%

Drawdowns

Drawdown Indicators

	KLGAX	MKHCX	Difference
Max Drawdown Largest peak-to-trough decline	-55.04%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	—	—
Current Drawdown Current decline from peak	-16.03%	—	—
Average Drawdown Average peak-to-trough decline	-9.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	—	—

Volatility

Volatility by Period

	KLGAX	MKHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	—	—