MDHVX vs. PIMIX

In the year-to-date period, MDHVX achieves a 1.49% return, which is significantly lower than PIMIX's 1.85% return. Both investments have delivered pretty close results over the past 10 years, with MDHVX having a 4.26% annualized return and PIMIX not far behind at 4.21%.

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MDHVX has a 1.10% expense ratio, which is higher than PIMIX's 0.62% expense ratio.

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.

The current MDHVX Sharpe Ratio is 2.48, which is higher than the PIMIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of MDHVX and PIMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

MDHVX has not paid dividends to shareholders, while PIMIX's dividend yield for the trailing twelve months is around 5.73%.

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.

The current volatility for MainStay MacKay Short Duration High Yield Fund (MDHVX) is 0.93%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.48%. 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.