MBAIX vs. DGTSX

Last updated Jun 4, 2026

MBAIX (MainStay Balanced Fund) and DGTSX (DFA Global Allocation 25/75 Portfolio) are both Diversified Portfolio funds. Over the past 10 years, MBAIX returned 7.45%/yr vs 5.21%/yr for DGTSX. Their correlation of 0.89 suggests significant overlap in exposure. MBAIX charges 0.81%/yr vs 0.24%/yr for DGTSX.

Performance

MBAIX vs. DGTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Balanced Fund (MBAIX) and DFA Global Allocation 25/75 Portfolio (DGTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBAIX achieves a 4.97% return, which is significantly higher than DGTSX's 4.30% return. Over the past 10 years, MBAIX has outperformed DGTSX with an annualized return of 7.45%, while DGTSX has yielded a comparatively lower 5.21% annualized return.

MBAIX

• 1D: 0.15%
• 1M: 1.14%
• YTD: 4.97%
• 6M: 5.53%
• 1Y: 13.99%
• 3Y*: 10.53%
• 5Y*: 5.91%
• 10Y*: 7.45%

DGTSX

• 1D: 0.14%
• 1M: 1.60%
• YTD: 4.30%
• 6M: 4.61%
• 1Y: 10.24%
• 3Y*: 8.53%
• 5Y*: 5.26%
• 10Y*: 5.21%

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

MBAIX vs. DGTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MBAIX MainStay Balanced Fund	4.97%	11.38%	7.59%	7.56%	-5.80%	17.13%	7.73%	19.28%	-7.53%	9.87%
DGTSX DFA Global Allocation 25/75 Portfolio	4.30%	8.39%	7.43%	8.93%	-8.06%	10.20%	7.29%	9.80%	-1.85%	5.83%

Correlation

The correlation between MBAIX and DGTSX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 29, 2003	0.89

The correlation between MBAIX and DGTSX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

MBAIX vs. DGTSX — Risk / Return Rank

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

MBAIX

MBAIX Risk / Return Rank: 56
MBAIX Sharpe Ratio Rank: 50
MBAIX Sortino Ratio Rank: 52
MBAIX Omega Ratio Rank: 49
MBAIX Calmar Ratio Rank: 63
MBAIX Martin Ratio Rank: 63

DGTSX

DGTSX Risk / Return Rank: 89
DGTSX Sharpe Ratio Rank: 91
DGTSX Sortino Ratio Rank: 92
DGTSX Omega Ratio Rank: 90
DGTSX Calmar Ratio Rank: 84
DGTSX Martin Ratio Rank: 89

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.

MBAIX vs. DGTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and DFA Global Allocation 25/75 Portfolio (DGTSX). 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.

	MBAIX	DGTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	3.07	-0.98
Sortino ratio: Return per unit of downside risk	3.05	4.63	-1.58
Omega ratio: Gain probability vs. loss probability	1.39	1.64	-0.26
Calmar ratio: Return relative to maximum drawdown	3.07	3.94	-0.87
Martin ratio: Return relative to average drawdown	12.37	17.59	-5.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBAIX vs. DGTSX - Sharpe Ratio Comparison

The current MBAIX Sharpe Ratio is 2.09, which is lower than the DGTSX Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of MBAIX and DGTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MBAIX	DGTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	3.07	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.89	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	1.00	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.94	-0.14

Drawdowns

MBAIX vs. DGTSX - Drawdown Comparison

The maximum MBAIX drawdown since its inception was -39.74%, which is greater than DGTSX's maximum drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for MBAIX and DGTSX.

Drawdown Indicators

	MBAIX	DGTSX	Difference
Max Drawdown Largest peak-to-trough decline	-39.74%	-16.71%	-23.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.69%	-2.64%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	-8.37%	-7.46%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-13.19%	-11.26%	-1.93%
Max Drawdown (10Y) Largest decline over 10 years	-25.87%	-11.26%	-14.61%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.56%	-1.65%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	0.59%	+0.57%

Volatility

MBAIX vs. DGTSX - Volatility Comparison

MainStay Balanced Fund (MBAIX) has a higher volatility of 1.59% compared to DFA Global Allocation 25/75 Portfolio (DGTSX) at 1.14%. This indicates that MBAIX's price experiences larger fluctuations and is considered to be riskier than DGTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBAIX	DGTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	1.14%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	5.17%	2.73%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	6.87%	3.39%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.40%	5.96%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	5.23%	+5.38%

MBAIX vs. DGTSX - Expense Ratio Comparison

MBAIX has a 0.81% expense ratio, which is higher than DGTSX's 0.24% expense ratio.

Dividends

MBAIX vs. DGTSX - Dividend Comparison

MBAIX's dividend yield for the trailing twelve months is around 6.63%, more than DGTSX's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGTSX DFA Global Allocation 25/75 Portfolio	5.70%	5.54%	7.28%	4.75%	2.77%	7.62%	2.12%	2.57%	2.99%	1.25%	1.26%	1.50%
MBAIX MainStay Balanced Fund	6.63%	6.95%	6.14%	2.27%	1.86%	23.51%	2.24%	6.04%	9.37%	7.05%	2.94%	6.93%

Frequently Asked Questions

Can I hold both MBAIX and DGTSX in my portfolio?

MBAIX and DGTSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBAIX or DGTSX?

MBAIX has higher volatility (1.59%) compared to DGTSX (1.14%). In terms of maximum drawdown, MBAIX dropped -39.74% vs DGTSX's -16.71%.

Which has better risk-adjusted returns?

DGTSX currently has the higher Sharpe Ratio (3.07 vs 2.09), 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.