MHCAX vs. PFF
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and iShares Preferred and Income Securities ETF (PFF).
MHCAX is managed by New York Life Investments. It was launched on May 1, 1986. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. 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: MHCAX or PFF.
Correlation
The correlation between MHCAX and PFF is 0.36, 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. PFF - Performance Comparison
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Key characteristics
MHCAX:
2.01
PFF:
0.31
MHCAX:
2.79
PFF:
0.61
MHCAX:
1.51
PFF:
1.07
MHCAX:
1.92
PFF:
0.33
MHCAX:
9.15
PFF:
0.96
MHCAX:
0.70%
PFF:
3.66%
MHCAX:
3.10%
PFF:
9.12%
MHCAX:
-29.56%
PFF:
-65.55%
MHCAX:
-0.19%
PFF:
-5.31%
Returns By Period
In the year-to-date period, MHCAX achieves a 1.60% return, which is significantly higher than PFF's -0.63% return. Over the past 10 years, MHCAX has outperformed PFF with an annualized return of 4.63%, while PFF has yielded a comparatively lower 3.06% annualized return.
MHCAX
1.60%
2.10%
2.01%
6.19%
5.94%
4.63%
PFF
-0.63%
4.84%
-3.12%
2.78%
3.87%
3.06%
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MHCAX vs. PFF - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is higher than PFF's 0.46% expense ratio.
Risk-Adjusted Performance
MHCAX vs. PFF — Risk-Adjusted Performance Rank
MHCAX
PFF
MHCAX vs. PFF - 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 iShares Preferred and Income Securities ETF (PFF). 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.
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Dividends
MHCAX vs. PFF - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.85%, less than PFF's 6.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.85% | 5.92% | 5.56% | 5.17% | 4.91% | 5.44% | 5.49% | 5.85% | 6.26% | 6.27% | 6.79% | 6.90% |
PFF iShares Preferred and Income Securities ETF | 6.61% | 6.32% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% | 6.32% |
Drawdowns
MHCAX vs. PFF - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.56%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for MHCAX and PFF. For additional features, visit the drawdowns tool.
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Volatility
MHCAX vs. PFF - Volatility Comparison
The current volatility for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) is 1.10%, while iShares Preferred and Income Securities ETF (PFF) has a volatility of 2.38%. This indicates that MHCAX experiences smaller price fluctuations and is considered to be less risky than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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