MCKIX vs. BRUFX
MCKIX (MainStay Conservative Allocation Fund) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 10 years, MCKIX returned 5.68%/yr vs 7.73%/yr for BRUFX. A 0.69 correlation means they provide meaningful diversification when combined. MCKIX charges 0.10%/yr vs 0.68%/yr for BRUFX.
Performance
MCKIX vs. BRUFX - Performance Comparison
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Returns By Period
In the year-to-date period, MCKIX achieves a 5.98% return, which is significantly lower than BRUFX's 15.92% return. Over the past 10 years, MCKIX has underperformed BRUFX with an annualized return of 5.68%, while BRUFX has yielded a comparatively higher 7.73% annualized return.
MCKIX
- 1D
- -0.08%
- 1M
- 0.08%
- 6M
- 5.73%
- YTD
- 5.98%
- 1Y
- 11.24%
- 3Y*
- 9.59%
- 5Y*
- 4.34%
- 10Y*
- 5.68%
BRUFX
- 1D
- 1.06%
- 1M
- 6.03%
- 6M
- 15.33%
- YTD
- 15.92%
- 1Y
- 26.79%
- 3Y*
- 12.61%
- 5Y*
- 5.92%
- 10Y*
- 7.73%
MCKIX vs. BRUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCKIX MainStay Conservative Allocation Fund | 5.98% | 9.60% | 7.16% | 11.15% | -12.54% | 7.88% | 11.03% | 14.85% | -6.82% | 9.09% |
BRUFX Bruce Fund | 15.92% | 14.89% | 4.45% | -0.74% | -8.80% | 17.35% | 12.06% | 22.42% | -3.99% | 12.48% |
Correlation
The correlation between MCKIX and BRUFX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2005 | 0.69 |
The correlation between MCKIX and BRUFX shifts across timeframes, from 0.56 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MCKIX vs. BRUFX — Risk / Return Rank
MCKIX
BRUFX
MCKIX vs. BRUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Conservative Allocation Fund (MCKIX) and Bruce Fund (BRUFX). 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 | BRUFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.56 | -1.29 |
| Martin ratioReturn relative to average drawdown | 9.98 | 15.74 | -5.76 |
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Drawdowns
MCKIX vs. BRUFX - Drawdown Comparison
The maximum MCKIX drawdown since its inception was -25.69%, smaller than the maximum BRUFX drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for MCKIX and BRUFX.
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Drawdown Indicators
| MCKIX | BRUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -44.50% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -7.67% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -9.66% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -17.91% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -25.44% | +6.26% |
Current DrawdownCurrent decline from peak | -0.38% | -0.35% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -9.05% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.73% | -0.59% |
Volatility
MCKIX vs. BRUFX - Volatility Comparison
The current volatility for MainStay Conservative Allocation Fund (MCKIX) is 2.61%, while Bruce Fund (BRUFX) has a volatility of 3.56%. This indicates that MCKIX experiences smaller price fluctuations and is considered to be less risky than BRUFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCKIX | BRUFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.56% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 8.50% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 10.80% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.86% | 10.58% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 11.64% | -3.85% |
MCKIX vs. BRUFX - Expense Ratio Comparison
MCKIX has a 0.10% expense ratio, which is lower than BRUFX's 0.68% expense ratio.
Dividends
MCKIX vs. BRUFX - Dividend Comparison
MCKIX's dividend yield for the trailing twelve months is around 5.06%, less than BRUFX's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRUFX Bruce Fund | 5.48% | 6.35% | 5.01% | 6.46% | 13.31% | 9.25% | 5.83% | 2.03% | 2.49% | 4.11% | 6.26% | 4.63% |
MCKIX MainStay Conservative Allocation Fund | 5.06% | 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 BRUFX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRUFX has higher volatility (3.56%) compared to MCKIX (2.61%). In terms of maximum drawdown, MCKIX dropped -25.69% vs BRUFX's -44.50%.
BRUFX currently has the higher Sharpe Ratio (2.52 vs 1.78), 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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