MBAIX vs. MSXAX
Compare and contrast key facts about MainStay Balanced Fund (MBAIX) and NYLI S&P 500 Index Class A (MSXAX).
MBAIX is managed by New York Life. It was launched on Apr 30, 1989. MSXAX is a passively managed fund by New York Life that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004.
Performance
MBAIX vs. MSXAX - Performance Comparison
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MBAIX vs. MSXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBAIX MainStay Balanced Fund | -1.36% | 11.38% | 7.59% | 7.56% | -5.80% | 17.13% | 7.73% | 19.28% | -7.53% | 9.87% |
MSXAX NYLI S&P 500 Index Class A | -7.16% | 17.26% | 23.98% | 25.96% | -18.52% | 28.13% | 17.86% | 30.69% | -4.71% | 21.07% |
Returns By Period
In the year-to-date period, MBAIX achieves a -1.36% return, which is significantly higher than MSXAX's -7.16% return. Over the past 10 years, MBAIX has underperformed MSXAX with an annualized return of 6.95%, while MSXAX has yielded a comparatively higher 13.18% 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%
MSXAX
- 1D
- -0.40%
- 1M
- -7.71%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.86%
- 3Y*
- 16.56%
- 5Y*
- 10.85%
- 10Y*
- 13.18%
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MBAIX vs. MSXAX - Expense Ratio Comparison
MBAIX has a 0.81% expense ratio, which is higher than MSXAX's 0.52% expense ratio.
Return for Risk
MBAIX vs. MSXAX — Risk / Return Rank
MBAIX
MSXAX
MBAIX vs. MSXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and NYLI S&P 500 Index Class A (MSXAX). 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 | MSXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.81 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.26 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.95 | +0.08 |
Martin ratioReturn relative to average drawdown | 4.45 | 4.60 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBAIX | MSXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.81 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.65 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.73 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.51 | +0.27 |
Correlation
The correlation between MBAIX and MSXAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MBAIX vs. MSXAX - Dividend Comparison
MBAIX's dividend yield for the trailing twelve months is around 6.19%, more than MSXAX's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSXAX NYLI S&P 500 Index Class A | 1.14% | 1.06% | 5.20% | 4.04% | 10.30% | 4.44% | 8.78% | 17.42% | 14.49% | 15.18% | 9.63% | 5.53% |
Drawdowns
MBAIX vs. MSXAX - Drawdown Comparison
The maximum MBAIX drawdown since its inception was -39.74%, smaller than the maximum MSXAX drawdown of -55.48%. Use the drawdown chart below to compare losses from any high point for MBAIX and MSXAX.
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Drawdown Indicators
| MBAIX | MSXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.74% | -55.48% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -12.11% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -24.78% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -33.79% | +7.92% |
Current DrawdownCurrent decline from peak | -4.53% | -8.97% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.21% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.58% | -0.99% |
Volatility
MBAIX vs. MSXAX - Volatility Comparison
The current volatility for MainStay Balanced Fund (MBAIX) is 2.25%, while NYLI S&P 500 Index Class A (MSXAX) has a volatility of 4.24%. This indicates that MBAIX experiences smaller price fluctuations and is considered to be less risky than MSXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBAIX | MSXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 4.24% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 9.09% | -3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 18.13% | -8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.40% | 16.87% | -7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 18.03% | -7.43% |