MDHVX vs. CWFIX
Compare and contrast key facts about MainStay MacKay Short Duration High Yield Fund (MDHVX) and Chartwell Short Duration High Yield Fund (CWFIX).
MDHVX is managed by MainStay. It was launched on Dec 17, 2012. CWFIX is managed by Carillon Family of Funds. It was launched on Jul 15, 2014.
Performance
MDHVX vs. CWFIX - Performance Comparison
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MDHVX vs. CWFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | -0.31% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 9.00% | -0.13% | 4.30% |
CWFIX Chartwell Short Duration High Yield Fund | -0.40% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.36% | 3.06% |
Returns By Period
In the year-to-date period, MDHVX achieves a -0.31% return, which is significantly higher than CWFIX's -0.40% return. Over the past 10 years, MDHVX has outperformed CWFIX with an annualized return of 4.80%, while CWFIX has yielded a comparatively lower 4.00% annualized return.
MDHVX
- 1D
- 0.11%
- 1M
- -0.85%
- YTD
- -0.31%
- 6M
- 0.33%
- 1Y
- 3.92%
- 3Y*
- 6.10%
- 5Y*
- 4.17%
- 10Y*
- 4.80%
CWFIX
- 1D
- 0.11%
- 1M
- -1.03%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 5.08%
- 3Y*
- 6.16%
- 5Y*
- 3.68%
- 10Y*
- 4.00%
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MDHVX vs. CWFIX - Expense Ratio Comparison
MDHVX has a 1.10% expense ratio, which is higher than CWFIX's 0.49% expense ratio.
Return for Risk
MDHVX vs. CWFIX — Risk / Return Rank
MDHVX
CWFIX
MDHVX vs. CWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Duration High Yield Fund (MDHVX) and Chartwell Short Duration High Yield Fund (CWFIX). 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.
| MDHVX | CWFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 2.99 | -1.32 |
Sortino ratioReturn per unit of downside risk | 2.17 | 4.25 | -2.09 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.80 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.72 | -2.31 |
Martin ratioReturn relative to average drawdown | 7.34 | 17.45 | -10.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDHVX | CWFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.99 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.64 | 1.35 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 1.30 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.08 | +0.26 |
Correlation
The correlation between MDHVX and CWFIX is 0.70, 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
MDHVX vs. CWFIX - Dividend Comparison
MDHVX's dividend yield for the trailing twelve months is around 4.98%, less than CWFIX's 5.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | 4.98% | 5.47% | 6.01% | 5.53% | 4.31% | 3.80% | 4.44% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% |
CWFIX Chartwell Short Duration High Yield Fund | 5.22% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
Drawdowns
MDHVX vs. CWFIX - Drawdown Comparison
The maximum MDHVX drawdown since its inception was -18.04%, which is greater than CWFIX's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for MDHVX and CWFIX.
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Drawdown Indicators
| MDHVX | CWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.04% | -12.41% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -1.37% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -6.36% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.04% | -12.41% | -5.63% |
Current DrawdownCurrent decline from peak | -0.95% | -1.03% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -0.87% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.29% | +0.18% |
Volatility
MDHVX vs. CWFIX - Volatility Comparison
MainStay MacKay Short Duration High Yield Fund (MDHVX) has a higher volatility of 0.75% compared to Chartwell Short Duration High Yield Fund (CWFIX) at 0.70%. This indicates that MDHVX's price experiences larger fluctuations and is considered to be riskier than CWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDHVX | CWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.70% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 1.03% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 1.71% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 2.75% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 3.09% | +0.34% |