MBAIX vs. WWWEX
MBAIX (MainStay Balanced Fund) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, MBAIX returned 7.49%/yr vs 15.16%/yr for WWWEX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. MBAIX charges 0.81%/yr vs 1.39%/yr for WWWEX.
Performance
MBAIX vs. WWWEX - Performance Comparison
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Returns By Period
In the year-to-date period, MBAIX achieves a 7.70% return, which is significantly higher than WWWEX's 4.79% return. Over the past 10 years, MBAIX has underperformed WWWEX with an annualized return of 7.49%, while WWWEX has yielded a comparatively higher 15.16% annualized return.
MBAIX
- 1D
- 0.33%
- 1M
- 1.18%
- 6M
- 5.72%
- YTD
- 7.70%
- 1Y
- 15.18%
- 3Y*
- 9.87%
- 5Y*
- 6.38%
- 10Y*
- 7.49%
- ALL TIME*
- 8.37%
WWWEX
- 1D
- 1.26%
- 1M
- 1.02%
- 6M
- -0.88%
- YTD
- 4.79%
- 1Y
- 0.83%
- 3Y*
- 28.06%
- 5Y*
- 13.30%
- 10Y*
- 15.16%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MBAIX vs. WWWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBAIX MainStay Balanced Fund | 7.70% | 11.38% | 7.59% | 7.56% | -5.80% | 17.13% | 7.73% | 19.28% | -7.53% | 9.87% |
WWWEX Kinetics The Global Fund | 4.79% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between MBAIX and WWWEX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.57 |
The correlation between MBAIX and WWWEX has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
MBAIX vs. WWWEX — Risk / Return Rank
MBAIX
WWWEX
MBAIX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Balanced Fund (MBAIX) and Kinetics The Global Fund (WWWEX). 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 | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.00 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.07 | +3.08 |
| Martin ratioReturn relative to average drawdown | 12.22 | -0.15 | +12.36 |
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Drawdowns
MBAIX vs. WWWEX - Drawdown Comparison
The maximum MBAIX drawdown since its inception was -39.74%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for MBAIX and WWWEX.
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Drawdown Indicators
| MBAIX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.74% | -82.60% | +42.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -13.86% | +9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | -17.66% | +9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -26.62% | +13.43% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -36.00% | +10.13% |
Current DrawdownCurrent decline from peak | -0.36% | -9.61% | +9.25% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -41.12% | +37.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 6.63% | -5.47% |
Volatility
MBAIX vs. WWWEX - Volatility Comparison
The current volatility for MainStay Balanced Fund (MBAIX) is 1.92%, while Kinetics The Global Fund (WWWEX) has a volatility of 3.67%. This indicates that MBAIX experiences smaller price fluctuations and is considered to be less risky than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBAIX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 3.67% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 13.30% | -8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.04% | 17.34% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.39% | 19.41% | -10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 19.24% | -8.67% |
MBAIX vs. WWWEX - Expense Ratio Comparison
MBAIX has a 0.81% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
MBAIX vs. WWWEX - Dividend Comparison
MBAIX's dividend yield for the trailing twelve months is around 6.55%, more than WWWEX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBAIX MainStay Balanced Fund | 6.55% | 6.95% | 6.14% | 2.27% | 1.86% | 23.51% | 2.24% | 6.04% | 9.37% | 7.05% | 2.94% | 6.93% |
WWWEX Kinetics The Global Fund | 2.46% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
MBAIX and WWWEX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (3.67%) compared to MBAIX (1.92%). In terms of maximum drawdown, MBAIX dropped -39.74% vs WWWEX's -82.60%.
MBAIX currently has the higher Sharpe Ratio (2.01 vs -0.06), 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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