MCKIX vs. AYBLX
MCKIX (MainStay Conservative Allocation Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, MCKIX returned 5.73%/yr vs 10.59%/yr for AYBLX. Their correlation of 0.92 suggests significant overlap in exposure. MCKIX charges 0.10%/yr vs 0.65%/yr for AYBLX.
Performance
MCKIX vs. AYBLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCKIX achieves a 6.23% return, which is significantly lower than AYBLX's 14.22% return. Over the past 10 years, MCKIX has underperformed AYBLX with an annualized return of 5.73%, while AYBLX has yielded a comparatively higher 10.59% annualized return.
MCKIX
- 1D
- 0.61%
- 1M
- 1.31%
- YTD
- 6.23%
- 6M
- 6.06%
- 1Y
- 14.10%
- 3Y*
- 9.74%
- 5Y*
- 4.64%
- 10Y*
- 5.73%
AYBLX
- 1D
- 0.93%
- 1M
- 1.85%
- YTD
- 14.22%
- 6M
- 14.00%
- 1Y
- 33.22%
- 3Y*
- 17.09%
- 5Y*
- 9.89%
- 10Y*
- 10.59%
MCKIX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCKIX MainStay Conservative Allocation Fund | 6.23% | 9.60% | 7.16% | 11.15% | -12.54% | 7.88% | 11.03% | 14.85% | -6.82% | 9.09% |
AYBLX Pioneer Balanced ESG Fund | 14.22% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between MCKIX and AYBLX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2005 | 0.92 |
The correlation between MCKIX and AYBLX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MCKIX vs. AYBLX — Risk / Return Rank
MCKIX
AYBLX
MCKIX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Conservative Allocation Fund (MCKIX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| MCKIX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.61 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 5.12 | -2.33 |
| Martin ratioReturn relative to average drawdown | 12.30 | 23.78 | -11.47 |
Loading charts...
Drawdowns
MCKIX vs. AYBLX - Drawdown Comparison
The maximum MCKIX drawdown since its inception was -25.69%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for MCKIX and AYBLX.
Loading charts...
Drawdown Indicators
| MCKIX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -36.28% | +10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -6.41% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -13.39% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -20.26% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -24.24% | +5.06% |
Current DrawdownCurrent decline from peak | -0.08% | -0.32% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -3.78% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.38% | -0.24% |
Volatility
MCKIX vs. AYBLX - Volatility Comparison
The current volatility for MainStay Conservative Allocation Fund (MCKIX) is 2.61%, while Pioneer Balanced ESG Fund (AYBLX) has a volatility of 3.74%. This indicates that MCKIX experiences smaller price fluctuations and is considered to be less risky than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCKIX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.74% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.35% | 7.86% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 9.94% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 11.13% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 11.33% | -3.49% |
MCKIX vs. AYBLX - Expense Ratio Comparison
MCKIX has a 0.10% expense ratio, which is lower than AYBLX's 0.65% expense ratio.
Dividends
MCKIX vs. AYBLX - Dividend Comparison
MCKIX's dividend yield for the trailing twelve months is around 4.48%, more than AYBLX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.24% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
MCKIX MainStay Conservative Allocation Fund | 4.48% | 4.49% | 4.71% | 2.73% | 3.85% | 7.78% | 5.21% | 2.73% | 6.12% | 3.35% | 1.66% | 4.25% |
Frequently Asked Questions
MCKIX and AYBLX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AYBLX has higher volatility (3.74%) compared to MCKIX (2.61%). In terms of maximum drawdown, MCKIX dropped -25.69% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (3.30 vs 2.18), 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.
Find the right allocation for MCKIX and AYBLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer