MCYVX vs. GTDDX

Last updated Jun 5, 2026

MCYVX (MainStay Candriam Emerging Markets Equity Fund) and GTDDX (Invesco EQV Emerging Markets All Cap Fd) are both Emerging Markets Diversified funds. Over the past 5 years, MCYVX returned 6.75%/yr vs 8.55%/yr for GTDDX. A 0.79 correlation means they provide meaningful diversification when combined. MCYVX charges 1.57%/yr vs 1.39%/yr for GTDDX.

Performance

MCYVX vs. GTDDX - Performance Comparison

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

Returns By Period

In the year-to-date period, MCYVX achieves a 34.50% return, which is significantly lower than GTDDX's 48.07% return.

MCYVX

• 1D: 0.40%
• 1M: 6.43%
• YTD: 34.50%
• 6M: 38.01%
• 1Y: 69.19%
• 3Y*: 28.29%
• 5Y*: 6.75%
• 10Y*: —

GTDDX

• 1D: -1.26%
• 1M: 17.95%
• YTD: 48.07%
• 6M: 52.83%
• 1Y: 75.00%
• 3Y*: 24.35%
• 5Y*: 8.55%
• 10Y*: 10.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCYVX vs. GTDDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MCYVX MainStay Candriam Emerging Markets Equity Fund	34.50%	34.98%	11.91%	6.92%	-28.37%	-4.28%	35.91%	21.56%	-26.04%
GTDDX Invesco EQV Emerging Markets All Cap Fd	48.07%	29.88%	-0.66%	8.82%	-17.70%	-7.00%	17.19%	29.99%	-20.79%

Correlation

The correlation between MCYVX and GTDDX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018	0.79

The correlation between MCYVX and GTDDX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MCYVX vs. GTDDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCYVX

MCYVX Risk / Return Rank: 94
MCYVX Sharpe Ratio Rank: 98
MCYVX Sortino Ratio Rank: 91
MCYVX Omega Ratio Rank: 90
MCYVX Calmar Ratio Rank: 95
MCYVX Martin Ratio Rank: 95

GTDDX

GTDDX Risk / Return Rank: 95
GTDDX Sharpe Ratio Rank: 98
GTDDX Sortino Ratio Rank: 94
GTDDX Omega Ratio Rank: 93
GTDDX Calmar Ratio Rank: 94
GTDDX Martin Ratio Rank: 95

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. GTDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Candriam Emerging Markets Equity Fund (MCYVX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX). 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.

	MCYVX	GTDDX	Difference
Sharpe ratio: Return per unit of total volatility	3.80	4.01	-0.21
Sortino ratio: Return per unit of downside risk	4.47	4.86	-0.39
Omega ratio: Gain probability vs. loss probability	1.65	1.72	-0.07
Calmar ratio: Return relative to maximum drawdown	5.96	5.35	+0.61
Martin ratio: Return relative to average drawdown	21.44	21.28	+0.16
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. GTDDX - Sharpe Ratio Comparison

The current MCYVX Sharpe Ratio is 3.80, which is comparable to the GTDDX Sharpe Ratio of 4.01. The chart below compares the historical Sharpe Ratios of MCYVX and GTDDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MCYVX	GTDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	4.01	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.52	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.35	+0.06

Drawdowns

MCYVX vs. GTDDX - Drawdown Comparison

The maximum MCYVX drawdown since its inception was -44.62%, smaller than the maximum GTDDX drawdown of -62.89%. Use the drawdown chart below to compare losses from any high point for MCYVX and GTDDX.

Drawdown Indicators

	MCYVX	GTDDX	Difference
Max Drawdown Largest peak-to-trough decline	-44.62%	-62.89%	+18.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-14.49%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-17.79%	-16.08%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-41.04%	-37.56%	-3.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.58%	—
Current Drawdown Current decline from peak	0.00%	-1.26%	+1.26%
Average Drawdown Average peak-to-trough decline	-20.85%	-18.75%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.63%	-0.27%

Volatility

MCYVX vs. GTDDX - Volatility Comparison

The current volatility for MainStay Candriam Emerging Markets Equity Fund (MCYVX) is 6.52%, while Invesco EQV Emerging Markets All Cap Fd (GTDDX) has a volatility of 8.20%. This indicates that MCYVX experiences smaller price fluctuations and is considered to be less risky than GTDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCYVX	GTDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	8.20%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	16.79%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	19.34%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	16.39%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	16.91%	+1.84%

MCYVX vs. GTDDX - Expense Ratio Comparison

MCYVX has a 1.57% expense ratio, which is higher than GTDDX's 1.39% expense ratio.

Dividends

MCYVX vs. GTDDX - Dividend Comparison

MCYVX's dividend yield for the trailing twelve months is around 3.92%, less than GTDDX's 14.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTDDX Invesco EQV Emerging Markets All Cap Fd	14.27%	21.13%	1.16%	1.51%	1.17%	4.46%	5.05%	1.49%	1.53%	0.71%	0.86%	0.99%
MCYVX MainStay Candriam Emerging Markets Equity Fund	3.92%	5.27%	0.14%	0.62%	0.63%	0.45%	0.19%	1.74%	0.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCYVX and GTDDX in my portfolio?

MCYVX and GTDDX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCYVX or GTDDX?

GTDDX has higher volatility (8.20%) compared to MCYVX (6.52%). In terms of maximum drawdown, MCYVX dropped -44.62% vs GTDDX's -62.89%.

Which has better risk-adjusted returns?

GTDDX currently has the higher Sharpe Ratio (4.01 vs 3.80), 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.