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MBAIX vs. MSTIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MBAIX vs. MSTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Balanced Fund (MBAIX) and MainStay MacKay Short Term Municipal Fund (MSTIX). The values are adjusted to include any dividend payments, if applicable.

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MBAIX vs. MSTIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MBAIX
MainStay Balanced Fund
-1.36%11.38%7.59%7.56%-5.80%17.13%7.73%19.28%-7.53%9.87%
MSTIX
MainStay MacKay Short Term Municipal Fund
-0.03%4.69%2.41%3.70%-3.33%0.43%2.55%2.53%1.81%1.29%

Returns By Period

In the year-to-date period, MBAIX achieves a -1.36% return, which is significantly lower than MSTIX's -0.03% return. Over the past 10 years, MBAIX has outperformed MSTIX with an annualized return of 6.95%, while MSTIX has yielded a comparatively lower 1.56% annualized return.


MBAIX

1D
0.16%
1M
-4.42%
YTD
-1.36%
6M
1.82%
1Y
7.32%
3Y*
8.24%
5Y*
5.50%
10Y*
6.95%

MSTIX

1D
0.00%
1M
-1.38%
YTD
-0.03%
6M
0.59%
1Y
3.55%
3Y*
3.14%
5Y*
1.53%
10Y*
1.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MBAIX vs. MSTIX - Expense Ratio Comparison

MBAIX has a 0.81% expense ratio, which is higher than MSTIX's 0.40% expense ratio.


Return for Risk

MBAIX vs. MSTIX — Risk / Return Rank

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

MBAIX
MBAIX Risk / Return Rank: 3939
Overall Rank
MBAIX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
MBAIX Sortino Ratio Rank: 3737
Sortino Ratio Rank
MBAIX Omega Ratio Rank: 3636
Omega Ratio Rank
MBAIX Calmar Ratio Rank: 3939
Calmar Ratio Rank
MBAIX Martin Ratio Rank: 4343
Martin Ratio Rank

MSTIX
MSTIX Risk / Return Rank: 9191
Overall Rank
MSTIX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
MSTIX Sortino Ratio Rank: 9494
Sortino Ratio Rank
MSTIX Omega Ratio Rank: 9797
Omega Ratio Rank
MSTIX Calmar Ratio Rank: 8585
Calmar Ratio Rank
MSTIX Martin Ratio Rank: 8585
Martin Ratio Rank
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. MSTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and MainStay MacKay Short Term Municipal Fund (MSTIX). 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.


MBAIXMSTIXDifference

Sharpe ratio

Return per unit of total volatility

0.84

1.97

-1.13

Sortino ratio

Return per unit of downside risk

1.22

2.91

-1.69

Omega ratio

Gain probability vs. loss probability

1.17

1.67

-0.49

Calmar ratio

Return relative to maximum drawdown

1.03

2.18

-1.14

Martin ratio

Return relative to average drawdown

4.45

8.70

-4.25

MBAIX vs. MSTIX - Sharpe Ratio Comparison

The current MBAIX Sharpe Ratio is 0.84, which is lower than the MSTIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of MBAIX and MSTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MBAIXMSTIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

1.97

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.85

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

1.01

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

1.57

-0.78

Correlation

The correlation between MBAIX and MSTIX is 0.02, 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

MBAIX vs. MSTIX - Dividend Comparison

MBAIX's dividend yield for the trailing twelve months is around 6.19%, more than MSTIX's 3.07% yield.


TTM20252024202320222021202020192018201720162015
MBAIX
MainStay Balanced Fund
6.19%6.95%6.14%2.27%1.86%23.51%2.24%6.04%9.37%7.05%2.94%6.93%
MSTIX
MainStay MacKay Short Term Municipal Fund
3.07%3.38%3.14%2.85%1.38%0.85%1.37%1.76%1.48%1.28%0.87%0.82%

Drawdowns

MBAIX vs. MSTIX - Drawdown Comparison

The maximum MBAIX drawdown since its inception was -39.74%, which is greater than MSTIX's maximum drawdown of -8.99%. Use the drawdown chart below to compare losses from any high point for MBAIX and MSTIX.


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Drawdown Indicators


MBAIXMSTIXDifference

Max Drawdown

Largest peak-to-trough decline

-39.74%

-8.99%

-30.75%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

-1.83%

-5.01%

Max Drawdown (5Y)

Largest decline over 5 years

-13.19%

-5.62%

-7.57%

Max Drawdown (10Y)

Largest decline over 10 years

-25.87%

-5.62%

-20.25%

Current Drawdown

Current decline from peak

-4.53%

-1.38%

-3.15%

Average Drawdown

Average peak-to-trough decline

-3.58%

-0.54%

-3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.46%

+1.13%

Volatility

MBAIX vs. MSTIX - Volatility Comparison

MainStay Balanced Fund (MBAIX) has a higher volatility of 2.25% compared to MainStay MacKay Short Term Municipal Fund (MSTIX) at 0.50%. This indicates that MBAIX's price experiences larger fluctuations and is considered to be riskier than MSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MBAIXMSTIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.25%

0.50%

+1.75%

Volatility (6M)

Calculated over the trailing 6-month period

5.22%

0.99%

+4.23%

Volatility (1Y)

Calculated over the trailing 1-year period

9.50%

2.09%

+7.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.40%

1.80%

+7.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.60%

1.55%

+9.05%