MHCAX vs. BUFHX
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and Buffalo High Yield Fund (BUFHX).
MHCAX is managed by New York Life Investments. It was launched on May 1, 1986. BUFHX is managed by Buffalo. It was launched on May 19, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHCAX or BUFHX.
Correlation
The correlation between MHCAX and BUFHX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MHCAX vs. BUFHX - Performance Comparison
Key characteristics
MHCAX:
2.10
BUFHX:
2.40
MHCAX:
2.81
BUFHX:
3.00
MHCAX:
1.51
BUFHX:
1.65
MHCAX:
1.92
BUFHX:
1.76
MHCAX:
9.58
BUFHX:
8.52
MHCAX:
0.67%
BUFHX:
0.79%
MHCAX:
3.05%
BUFHX:
2.80%
MHCAX:
-29.56%
BUFHX:
-25.75%
MHCAX:
-1.22%
BUFHX:
-1.96%
Returns By Period
In the year-to-date period, MHCAX achieves a 0.49% return, which is significantly higher than BUFHX's -0.50% return. Over the past 10 years, MHCAX has outperformed BUFHX with an annualized return of 4.53%, while BUFHX has yielded a comparatively lower 3.97% annualized return.
MHCAX
0.49%
-1.04%
1.18%
6.19%
5.98%
4.53%
BUFHX
-0.50%
-1.59%
1.11%
6.42%
7.10%
3.97%
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MHCAX vs. BUFHX - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is lower than BUFHX's 1.02% expense ratio.
Risk-Adjusted Performance
MHCAX vs. BUFHX — Risk-Adjusted Performance Rank
MHCAX
BUFHX
MHCAX vs. BUFHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and Buffalo High Yield Fund (BUFHX). 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
MHCAX vs. BUFHX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.88%, less than BUFHX's 6.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.88% | 5.92% | 5.56% | 5.17% | 4.91% | 5.44% | 5.49% | 5.85% | 6.26% | 6.27% | 6.79% | 6.90% |
BUFHX Buffalo High Yield Fund | 6.92% | 7.47% | 6.40% | 6.19% | 4.27% | 4.09% | 4.22% | 4.85% | 4.08% | 4.37% | 3.99% | 3.59% |
Drawdowns
MHCAX vs. BUFHX - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.56%, which is greater than BUFHX's maximum drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for MHCAX and BUFHX. For additional features, visit the drawdowns tool.
Volatility
MHCAX vs. BUFHX - Volatility Comparison
The current volatility for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) is 2.06%, while Buffalo High Yield Fund (BUFHX) has a volatility of 2.21%. This indicates that MHCAX experiences smaller price fluctuations and is considered to be less risky than BUFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.