MGXIX vs. MSXAX
Compare and contrast key facts about MainStay Equity Allocation Fund (MGXIX) and NYLI S&P 500 Index Class A (MSXAX).
MGXIX is managed by New York Life. It was launched on Apr 3, 2005. MSXAX is a passively managed fund by New York Life that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004.
Performance
MGXIX vs. MSXAX - Performance Comparison
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MGXIX vs. MSXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGXIX MainStay Equity Allocation Fund | -5.05% | 14.31% | 11.47% | 17.67% | -17.08% | 20.76% | 15.71% | 24.59% | -13.47% | 18.74% |
MSXAX NYLI S&P 500 Index Class A | -7.16% | 17.26% | 23.98% | 25.96% | -18.52% | 28.13% | 17.86% | 30.69% | -4.71% | 21.07% |
Returns By Period
In the year-to-date period, MGXIX achieves a -5.05% return, which is significantly higher than MSXAX's -7.16% return. Over the past 10 years, MGXIX has underperformed MSXAX with an annualized return of 8.62%, while MSXAX has yielded a comparatively higher 13.18% annualized return.
MGXIX
- 1D
- -0.41%
- 1M
- -8.95%
- YTD
- -5.05%
- 6M
- -2.44%
- 1Y
- 12.02%
- 3Y*
- 10.91%
- 5Y*
- 5.97%
- 10Y*
- 8.62%
MSXAX
- 1D
- -0.40%
- 1M
- -7.71%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.86%
- 3Y*
- 16.56%
- 5Y*
- 10.85%
- 10Y*
- 13.18%
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MGXIX vs. MSXAX - Expense Ratio Comparison
MGXIX has a 0.12% expense ratio, which is lower than MSXAX's 0.52% expense ratio.
Return for Risk
MGXIX vs. MSXAX — Risk / Return Rank
MGXIX
MSXAX
MGXIX vs. MSXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Equity Allocation Fund (MGXIX) and NYLI S&P 500 Index Class A (MSXAX). 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.
| MGXIX | MSXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.81 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.26 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.95 | -0.14 |
Martin ratioReturn relative to average drawdown | 3.83 | 4.60 | -0.77 |
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
| MGXIX | MSXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.81 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.65 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.73 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.51 | -0.12 |
Correlation
The correlation between MGXIX and MSXAX is 0.96, 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
MGXIX vs. MSXAX - Dividend Comparison
MGXIX's dividend yield for the trailing twelve months is around 6.44%, more than MSXAX's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGXIX MainStay Equity Allocation Fund | 6.44% | 6.12% | 6.68% | 0.00% | 11.02% | 12.58% | 4.97% | 5.52% | 12.44% | 3.42% | 2.90% | 5.94% |
MSXAX NYLI S&P 500 Index Class A | 1.14% | 1.06% | 5.20% | 4.04% | 10.30% | 4.44% | 8.78% | 17.42% | 14.49% | 15.18% | 9.63% | 5.53% |
Drawdowns
MGXIX vs. MSXAX - Drawdown Comparison
The maximum MGXIX drawdown since its inception was -53.45%, roughly equal to the maximum MSXAX drawdown of -55.48%. Use the drawdown chart below to compare losses from any high point for MGXIX and MSXAX.
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Drawdown Indicators
| MGXIX | MSXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -55.48% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -12.11% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -24.78% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | -33.79% | -0.84% |
Current DrawdownCurrent decline from peak | -9.33% | -8.97% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -7.21% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.58% | +0.01% |
Volatility
MGXIX vs. MSXAX - Volatility Comparison
MainStay Equity Allocation Fund (MGXIX) has a higher volatility of 4.78% compared to NYLI S&P 500 Index Class A (MSXAX) at 4.24%. This indicates that MGXIX's price experiences larger fluctuations and is considered to be riskier than MSXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGXIX | MSXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.24% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 9.09% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 18.13% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.87% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.03% | -0.96% |