MCKIX vs. CRARX
MCKIX (MainStay Conservative Allocation Fund) and CRARX (MainStay CBRE Real Estate Fund) are both mutual funds - MCKIX is a Diversified Portfolio fund managed by New York Life, while CRARX is a REIT fund managed by New York Life. Over the past 10 years, MCKIX returned 5.87%/yr vs 5.27%/yr for CRARX. A 0.64 correlation means they provide meaningful diversification when combined. MCKIX charges 0.10%/yr vs 0.83%/yr for CRARX.
Performance
MCKIX vs. CRARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCKIX achieves a 6.06% return, which is significantly lower than CRARX's 15.19% return. Over the past 10 years, MCKIX has outperformed CRARX with an annualized return of 5.87%, while CRARX has yielded a comparatively lower 5.27% annualized return.
MCKIX
- 1D
- -0.15%
- 1M
- 1.16%
- YTD
- 6.06%
- 6M
- 5.82%
- 1Y
- 13.36%
- 3Y*
- 10.01%
- 5Y*
- 4.52%
- 10Y*
- 5.87%
CRARX
- 1D
- 1.04%
- 1M
- -0.26%
- YTD
- 15.19%
- 6M
- 15.64%
- 1Y
- 12.54%
- 3Y*
- 10.07%
- 5Y*
- 2.94%
- 10Y*
- 5.27%
MCKIX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCKIX MainStay Conservative Allocation Fund | 6.06% | 9.60% | 7.16% | 11.15% | -12.54% | 7.88% | 11.03% | 14.85% | -6.82% | 9.09% |
CRARX MainStay CBRE Real Estate Fund | 15.19% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between MCKIX and CRARX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2005 | 0.64 |
Over the past year, the correlation between MCKIX and CRARX has dropped to 0.40 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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. CRARX — Risk / Return Rank
MCKIX
CRARX
MCKIX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Conservative Allocation Fund (MCKIX) and MainStay CBRE Real Estate Fund (CRARX). 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 | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.77 | +1.02 |
| Martin ratioReturn relative to average drawdown | 12.31 | 5.49 | +6.83 |
Loading charts...
Drawdowns
MCKIX vs. CRARX - Drawdown Comparison
The maximum MCKIX drawdown since its inception was -25.69%, smaller than the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for MCKIX and CRARX.
Loading charts...
Drawdown Indicators
| MCKIX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -72.66% | +46.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -7.99% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -18.78% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -35.43% | +17.26% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -45.19% | +26.01% |
Current DrawdownCurrent decline from peak | -0.23% | -4.08% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -12.55% | +9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.57% | -1.43% |
Volatility
MCKIX vs. CRARX - Volatility Comparison
The current volatility for MainStay Conservative Allocation Fund (MCKIX) is 2.53%, while MainStay CBRE Real Estate Fund (CRARX) has a volatility of 4.91%. This indicates that MCKIX experiences smaller price fluctuations and is considered to be less risky than CRARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCKIX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 4.91% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.35% | 10.04% | -4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 13.54% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 19.01% | -11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 21.32% | -13.48% |
MCKIX vs. CRARX - Expense Ratio Comparison
MCKIX has a 0.10% expense ratio, which is lower than CRARX's 0.83% expense ratio.
Dividends
MCKIX vs. CRARX - Dividend Comparison
MCKIX's dividend yield for the trailing twelve months is around 4.49%, more than CRARX's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.18% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
MCKIX MainStay Conservative Allocation Fund | 4.49% | 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 CRARX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRARX has higher volatility (4.91%) compared to MCKIX (2.53%). In terms of maximum drawdown, MCKIX dropped -25.69% vs CRARX's -72.66%.
MCKIX currently has the higher Sharpe Ratio (2.19 vs 1.05), 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 CRARX
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