MDHVX vs. FQTIX
Compare and contrast key facts about MainStay MacKay Short Duration High Yield Fund (MDHVX) and Franklin Templeton SMACS: Series I (FQTIX).
MDHVX is managed by MainStay. It was launched on Dec 17, 2012. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
MDHVX vs. FQTIX - Performance Comparison
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MDHVX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | -0.42% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 3.94% |
FQTIX Franklin Templeton SMACS: Series I | 1.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, MDHVX achieves a -0.42% return, which is significantly lower than FQTIX's 1.02% return.
MDHVX
- 1D
- -0.11%
- 1M
- -0.95%
- YTD
- -0.42%
- 6M
- 0.11%
- 1Y
- 3.81%
- 3Y*
- 6.06%
- 5Y*
- 4.15%
- 10Y*
- 4.79%
FQTIX
- 1D
- 0.50%
- 1M
- -1.34%
- YTD
- 1.02%
- 6M
- 3.05%
- 1Y
- 9.98%
- 3Y*
- 8.04%
- 5Y*
- 3.70%
- 10Y*
- —
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MDHVX vs. FQTIX - Expense Ratio Comparison
MDHVX has a 1.10% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
MDHVX vs. FQTIX — Risk / Return Rank
MDHVX
FQTIX
MDHVX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Duration High Yield Fund (MDHVX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.68 | -1.10 |
Sortino ratioReturn per unit of downside risk | 2.06 | 3.64 | -1.58 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.64 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 4.19 | -2.68 |
Martin ratioReturn relative to average drawdown | 7.91 | 18.41 | -10.50 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.68 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.63 | 0.63 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.56 | +0.78 |
Correlation
The correlation between MDHVX and FQTIX is 0.71, 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. FQTIX - Dividend Comparison
MDHVX's dividend yield for the trailing twelve months is around 4.98%, less than FQTIX's 7.00% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.00% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MDHVX vs. FQTIX - Drawdown Comparison
The maximum MDHVX drawdown since its inception was -18.04%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for MDHVX and FQTIX.
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Drawdown Indicators
| MDHVX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.04% | -24.62% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -2.41% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -18.81% | +12.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.04% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.47% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -4.42% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.55% | -0.10% |
Volatility
MDHVX vs. FQTIX - Volatility Comparison
The current volatility for MainStay MacKay Short Duration High Yield Fund (MDHVX) is 0.75%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.68%. This indicates that MDHVX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDHVX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.68% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 2.43% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 3.87% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 5.93% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 7.80% | -4.37% |