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MCYVX vs. BEMIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MCYVX vs. BEMIX

Last updated Apr 2, 2026

Compare and contrast key facts about MainStay Candriam Emerging Markets Equity Fund (MCYVX) and Brandes Emerging Markets Fund (BEMIX).

MCYVX is managed by MainStay. It was launched on Nov 14, 2017. BEMIX is managed by Brandes. It was launched on Jan 30, 2011.

Performance

MCYVX vs. BEMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Candriam Emerging Markets Equity Fund (MCYVX) and Brandes Emerging Markets Fund (BEMIX). The values are adjusted to include any dividend payments, if applicable.

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MCYVX vs. BEMIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MCYVX
MainStay Candriam Emerging Markets Equity Fund		5.17%34.98%11.91%6.92%-28.37%-4.28%35.91%21.56%-26.04%
BEMIX
Brandes Emerging Markets Fund		5.83%47.83%4.01%22.53%-15.91%1.68%-6.17%18.60%-17.10%

Returns By Period

In the year-to-date period, MCYVX achieves a 5.17% return, which is significantly lower than BEMIX's 5.83% return.

MCYVX

1D
1.54%
1M
-8.89%
YTD
5.17%
6M
9.21%
1Y
40.32%
3Y*
17.57%
5Y*
2.35%
10Y*
—

BEMIX

1D
2.79%
1M
-8.46%
YTD
5.83%
6M
14.00%
1Y
48.03%
3Y*
22.35%
5Y*
10.35%
10Y*
8.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MainStay Candriam Emerging Markets Equity Fund

Brandes Emerging Markets Fund

Often compared with MCYVX:
MCYVX vs. MMHVXMCYVX vs. MNOVXMCYVX vs. MTFEXMCYVX vs. MDHVXMCYVX vs. MSCVXMCYVX vs. DEMIXMCYVX vs. ESCIX
Often compared with BEMIX:
BEMIX vs. VWOBEMIX vs. FGRTXBEMIX vs. DESIXBEMIX vs. FSSGXBEMIX vs. PZVEXBEMIX vs. FNCMXBEMIX vs. PEMYX

MCYVX vs. BEMIX - Expense Ratio Comparison

MCYVX has a 1.57% expense ratio, which is higher than BEMIX's 1.12% expense ratio.

MCYVX
MainStay Candriam Emerging Markets Equity Fund
BEMIX
Brandes Emerging Markets Fund

Return for Risk

MCYVX vs. BEMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MCYVX
MCYVX Risk / Return Rank: 9090
Overall Rank
MCYVX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
MCYVX Sortino Ratio Rank: 8989
Sortino Ratio Rank
MCYVX Omega Ratio Rank: 8888
Omega Ratio Rank
MCYVX Calmar Ratio Rank: 9191
Calmar Ratio Rank
MCYVX Martin Ratio Rank: 9090
Martin Ratio Rank
BEMIX
BEMIX Risk / Return Rank: 9797
Overall Rank
BEMIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BEMIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
BEMIX Omega Ratio Rank: 9696
Omega Ratio Rank
BEMIX Calmar Ratio Rank: 9797
Calmar Ratio Rank
BEMIX Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCYVX vs. BEMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Candriam Emerging Markets Equity Fund (MCYVX) and Brandes Emerging Markets Fund (BEMIX). 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.

MCYVXBEMIXDifference

Sharpe ratio

Return per unit of total volatility

2.16

2.82

-0.66

Sortino ratio

Return per unit of downside risk

2.65

3.53

-0.88

Omega ratio

Gain probability vs. loss probability

1.40

1.56

-0.17

Calmar ratio

Return relative to maximum drawdown

2.83

4.01

-1.18

Martin ratio

Return relative to average drawdown

10.90

16.28

-5.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCYVX vs. BEMIX - Sharpe Ratio Comparison

The current MCYVX Sharpe Ratio is 2.16, which is comparable to the BEMIX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of MCYVX and BEMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

MCYVXBEMIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.82

-0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.14

0.64

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.25

-0.01

Correlation

The correlation between MCYVX and BEMIX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MCYVX vs. BEMIX - Dividend Comparison

MCYVX's dividend yield for the trailing twelve months is around 5.01%, more than BEMIX's 2.03% yield.

TTM20252024202320222021202020192018201720162015
MCYVX
MainStay Candriam Emerging Markets Equity Fund		5.01%5.27%0.14%0.62%0.63%0.45%0.19%1.74%0.37%0.00%0.00%0.00%
BEMIX
Brandes Emerging Markets Fund		2.03%2.15%3.04%2.45%2.86%2.31%1.31%2.56%1.55%1.41%2.20%1.54%

Drawdowns

MCYVX vs. BEMIX - Drawdown Comparison

The maximum MCYVX drawdown since its inception was -44.62%, roughly equal to the maximum BEMIX drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for MCYVX and BEMIX.

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Drawdown Indicators

MCYVXBEMIXDifference

Max Drawdown

Largest peak-to-trough decline

-44.62%

-46.05%

+1.43%

Max Drawdown (1Y)

Largest decline over 1 year

-12.69%

-12.07%

-0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-41.09%

-36.37%

-4.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.05%

—

Current Drawdown

Current decline from peak

-10.77%

-9.61%

-1.16%

Average Drawdown

Average peak-to-trough decline

-21.26%

-14.32%

-6.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

2.97%

+0.52%

Volatility

MCYVX vs. BEMIX - Volatility Comparison

MainStay Candriam Emerging Markets Equity Fund (MCYVX) has a higher volatility of 9.65% compared to Brandes Emerging Markets Fund (BEMIX) at 9.06%. This indicates that MCYVX's price experiences larger fluctuations and is considered to be riskier than BEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MCYVXBEMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.65%

9.06%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

15.28%

12.81%

+2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

19.27%

17.53%

+1.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.59%

16.20%

+0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.65%

16.98%

+1.67%