MBAIX vs. MXFIX
MBAIX (MainStay Balanced Fund) and MXFIX (MainStay Floating Rate Fund) are both mutual funds - MBAIX is a Diversified Portfolio fund managed by New York Life, while MXFIX is a Bank Loan fund managed by New York Life. Over the past 10 years, MBAIX returned 7.43%/yr vs 4.62%/yr for MXFIX. At a 0.15 correlation, their price movements are largely independent. MBAIX charges 0.81%/yr vs 0.74%/yr for MXFIX.
Performance
MBAIX vs. MXFIX - Performance Comparison
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Returns By Period
In the year-to-date period, MBAIX achieves a 4.75% return, which is significantly higher than MXFIX's 0.87% return. Over the past 10 years, MBAIX has outperformed MXFIX with an annualized return of 7.43%, while MXFIX has yielded a comparatively lower 4.62% annualized return.
MBAIX
- 1D
- -0.15%
- 1M
- -0.03%
- YTD
- 4.75%
- 6M
- 4.38%
- 1Y
- 13.23%
- 3Y*
- 9.96%
- 5Y*
- 6.32%
- 10Y*
- 7.43%
MXFIX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 0.87%
- 6M
- 1.83%
- 1Y
- 4.53%
- 3Y*
- 6.78%
- 5Y*
- 5.07%
- 10Y*
- 4.62%
MBAIX vs. MXFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBAIX MainStay Balanced Fund | 4.75% | 11.38% | 7.59% | 7.56% | -5.80% | 17.13% | 7.73% | 19.28% | -7.53% | 9.87% |
MXFIX MainStay Floating Rate Fund | 0.87% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Correlation
The correlation between MBAIX and MXFIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2004 | 0.15 |
The correlation between MBAIX and MXFIX shifts across timeframes, from 0.15 (all time) to 0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MBAIX vs. MXFIX — Risk / Return Rank
MBAIX
MXFIX
MBAIX vs. MXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and MainStay Floating Rate Fund (MXFIX). 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.
| MBAIX | MXFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.60 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.64 | +0.23 |
| Martin ratioReturn relative to average drawdown | 11.54 | 8.38 | +3.17 |
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Drawdowns
MBAIX vs. MXFIX - Drawdown Comparison
The maximum MBAIX drawdown since its inception was -39.74%, which is greater than MXFIX's maximum drawdown of -25.01%. Use the drawdown chart below to compare losses from any high point for MBAIX and MXFIX.
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Drawdown Indicators
| MBAIX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.74% | -25.01% | -14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -1.73% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | -2.57% | -5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -6.34% | -6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -20.09% | -5.78% |
Current DrawdownCurrent decline from peak | -1.14% | -0.12% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -1.21% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.54% | +0.62% |
Volatility
MBAIX vs. MXFIX - Volatility Comparison
MainStay Balanced Fund (MBAIX) has a higher volatility of 2.12% compared to MainStay Floating Rate Fund (MXFIX) at 0.62%. This indicates that MBAIX's price experiences larger fluctuations and is considered to be riskier than MXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBAIX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.62% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 1.81% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 2.45% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 2.69% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 3.82% | +6.79% |
MBAIX vs. MXFIX - Expense Ratio Comparison
MBAIX has a 0.81% expense ratio, which is higher than MXFIX's 0.74% expense ratio.
Dividends
MBAIX vs. MXFIX - Dividend Comparison
MBAIX's dividend yield for the trailing twelve months is around 6.65%, less than MXFIX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBAIX MainStay Balanced Fund | 6.65% | 6.95% | 6.14% | 2.27% | 1.86% | 23.51% | 2.24% | 6.04% | 9.37% | 7.05% | 2.94% | 6.93% |
MXFIX MainStay Floating Rate Fund | 7.18% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Frequently Asked Questions
MBAIX and MXFIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBAIX has higher volatility (2.12%) compared to MXFIX (0.62%). In terms of maximum drawdown, MBAIX dropped -39.74% vs MXFIX's -25.01%.
MBAIX currently has the higher Sharpe Ratio (1.91 vs 1.86), 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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