MCKIX vs. DGTSX
MCKIX (MainStay Conservative Allocation Fund) and DGTSX (DFA Global Allocation 25/75 Portfolio) are both Diversified Portfolio funds. Over the past 10 years, MCKIX returned 5.73%/yr vs 5.23%/yr for DGTSX. Their correlation of 0.92 suggests significant overlap in exposure. MCKIX charges 0.10%/yr vs 0.24%/yr for DGTSX.
Performance
MCKIX vs. DGTSX - Performance Comparison
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Returns By Period
In the year-to-date period, MCKIX achieves a 6.23% return, which is significantly higher than DGTSX's 4.30% return. Over the past 10 years, MCKIX has outperformed DGTSX with an annualized return of 5.73%, while DGTSX has yielded a comparatively lower 5.23% 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%
DGTSX
- 1D
- 0.34%
- 1M
- 0.76%
- YTD
- 4.30%
- 6M
- 4.30%
- 1Y
- 9.92%
- 3Y*
- 8.27%
- 5Y*
- 5.39%
- 10Y*
- 5.23%
MCKIX vs. DGTSX - 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% |
DGTSX DFA Global Allocation 25/75 Portfolio | 4.30% | 8.39% | 7.43% | 8.93% | -8.06% | 10.20% | 7.29% | 9.80% | -1.85% | 5.83% |
Correlation
The correlation between MCKIX and DGTSX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2005 | 0.92 |
The correlation between MCKIX and DGTSX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
MCKIX vs. DGTSX — Risk / Return Rank
MCKIX
DGTSX
MCKIX vs. DGTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Conservative Allocation Fund (MCKIX) and DFA Global Allocation 25/75 Portfolio (DGTSX). 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 | DGTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.57 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.79 | -1.00 |
| Martin ratioReturn relative to average drawdown | 12.30 | 16.65 | -4.34 |
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Drawdowns
MCKIX vs. DGTSX - Drawdown Comparison
The maximum MCKIX drawdown since its inception was -25.69%, which is greater than DGTSX's maximum drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for MCKIX and DGTSX.
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Drawdown Indicators
| MCKIX | DGTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -16.71% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -2.64% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -7.46% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -11.26% | -6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -11.26% | -7.92% |
Current DrawdownCurrent decline from peak | -0.08% | -0.14% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -1.64% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.60% | +0.54% |
Volatility
MCKIX vs. DGTSX - Volatility Comparison
MainStay Conservative Allocation Fund (MCKIX) has a higher volatility of 2.61% compared to DFA Global Allocation 25/75 Portfolio (DGTSX) at 1.42%. This indicates that MCKIX's price experiences larger fluctuations and is considered to be riskier than DGTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCKIX | DGTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.42% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.35% | 2.98% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 3.59% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 5.98% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 5.24% | +2.60% |
MCKIX vs. DGTSX - Expense Ratio Comparison
MCKIX has a 0.10% expense ratio, which is lower than DGTSX's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MCKIX vs. DGTSX - Dividend Comparison
MCKIX's dividend yield for the trailing twelve months is around 4.48%, less than DGTSX's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGTSX DFA Global Allocation 25/75 Portfolio | 5.70% | 5.54% | 7.28% | 4.75% | 2.77% | 7.62% | 2.12% | 2.57% | 2.99% | 1.25% | 1.26% | 1.50% |
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
With a correlation of 0.95, MCKIX and DGTSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MCKIX has higher volatility (2.61%) compared to DGTSX (1.42%). In terms of maximum drawdown, MCKIX dropped -25.69% vs DGTSX's -16.71%.
DGTSX currently has the higher Sharpe Ratio (2.79 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.
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