MDHVX vs. PIMIX
Compare and contrast key facts about MainStay MacKay Short Duration High Yield Fund (MDHVX) and PIMCO Income Fund Institutional Class (PIMIX).
MDHVX is managed by MainStay. It was launched on Dec 17, 2012. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDHVX or PIMIX.
Correlation
The correlation between MDHVX and PIMIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MDHVX vs. PIMIX - Performance Comparison
Key characteristics
MDHVX:
4.42
PIMIX:
1.85
MDHVX:
7.14
PIMIX:
2.78
MDHVX:
2.19
PIMIX:
1.36
MDHVX:
9.88
PIMIX:
3.16
MDHVX:
40.67
PIMIX:
7.88
MDHVX:
0.18%
PIMIX:
0.95%
MDHVX:
1.64%
PIMIX:
4.03%
MDHVX:
-18.04%
PIMIX:
-13.39%
MDHVX:
-0.10%
PIMIX:
-0.19%
Returns By Period
In the year-to-date period, MDHVX achieves a 1.30% return, which is significantly lower than PIMIX's 1.57% return. Both investments have delivered pretty close results over the past 10 years, with MDHVX having a 4.41% annualized return and PIMIX not far ahead at 4.42%.
MDHVX
1.30%
0.56%
2.94%
7.39%
4.37%
4.41%
PIMIX
1.57%
1.48%
2.29%
7.56%
3.06%
4.42%
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MDHVX vs. PIMIX - Expense Ratio Comparison
MDHVX has a 1.10% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
MDHVX vs. PIMIX — Risk-Adjusted Performance Rank
MDHVX
PIMIX
MDHVX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Duration High Yield Fund (MDHVX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
Dividends
MDHVX vs. PIMIX - Dividend Comparison
MDHVX's dividend yield for the trailing twelve months is around 5.95%, less than PIMIX's 6.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | 5.95% | 6.01% | 5.55% | 4.33% | 3.81% | 4.72% | 4.38% | 4.33% | 4.02% | 4.94% | 4.88% | 4.49% |
PIMIX PIMCO Income Fund Institutional Class | 6.21% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
MDHVX vs. PIMIX - Drawdown Comparison
The maximum MDHVX drawdown since its inception was -18.04%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for MDHVX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
MDHVX vs. PIMIX - Volatility Comparison
The current volatility for MainStay MacKay Short Duration High Yield Fund (MDHVX) is 0.45%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 0.93%. This indicates that MDHVX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.