MHCAX vs. PHYSX
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and PIA High Yield Fund (PHYSX).
MHCAX is managed by New York Life. It was launched on May 1, 1986. PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Performance
MHCAX vs. PHYSX - Performance Comparison
Loading graphics...
MHCAX vs. PHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | -0.62% | 6.44% | 6.90% | 11.27% | 42.57% | 5.10% | 4.82% | 12.76% | -1.92% | 6.54% |
PHYSX PIA High Yield Fund | -1.98% | 1.82% | 10.33% | 16.17% | -11.70% | 7.36% | 8.03% | 11.06% | -2.77% | 8.04% |
Returns By Period
In the year-to-date period, MHCAX achieves a -0.62% return, which is significantly higher than PHYSX's -1.98% return. Over the past 10 years, MHCAX has outperformed PHYSX with an annualized return of 10.09%, while PHYSX has yielded a comparatively lower 5.46% annualized return.
MHCAX
- 1D
- 0.00%
- 1M
- -1.35%
- YTD
- -0.62%
- 6M
- 0.34%
- 1Y
- 4.66%
- 3Y*
- 6.70%
- 5Y*
- 13.24%
- 10Y*
- 10.09%
PHYSX
- 1D
- 0.37%
- 1M
- -1.79%
- YTD
- -1.98%
- 6M
- -2.76%
- 1Y
- 1.32%
- 3Y*
- 6.87%
- 5Y*
- 3.32%
- 10Y*
- 5.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MHCAX vs. PHYSX - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is higher than PHYSX's 0.86% expense ratio.
Return for Risk
MHCAX vs. PHYSX — Risk / Return Rank
MHCAX
PHYSX
MHCAX vs. PHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and PIA High Yield Fund (PHYSX). 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.
| MHCAX | PHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.30 | +1.34 |
Sortino ratioReturn per unit of downside risk | 2.19 | 0.41 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.07 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.27 | +1.31 |
Martin ratioReturn relative to average drawdown | 7.50 | 0.79 | +6.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MHCAX | PHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.30 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.83 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.34 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.62 | -0.84 |
Correlation
The correlation between MHCAX and PHYSX is 0.45, 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.
Dividends
MHCAX vs. PHYSX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.62%, less than PHYSX's 7.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.62% | 6.06% | 5.90% | 5.56% | 40.91% | 5.00% | 5.52% | 5.58% | 5.94% | 6.20% | 5.69% | 6.72% |
PHYSX PIA High Yield Fund | 7.95% | 8.44% | 7.66% | 7.12% | 7.60% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% |
Drawdowns
MHCAX vs. PHYSX - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.62%, which is greater than PHYSX's maximum drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for MHCAX and PHYSX.
Loading graphics...
Drawdown Indicators
| MHCAX | PHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.62% | -24.10% | -5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -4.00% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.74% | -13.99% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -18.98% | -19.86% | +0.88% |
Current DrawdownCurrent decline from peak | -1.48% | -3.23% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -1.89% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.37% | -0.76% |
Volatility
MHCAX vs. PHYSX - Volatility Comparison
The current volatility for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) is 0.95%, while PIA High Yield Fund (PHYSX) has a volatility of 1.84%. This indicates that MHCAX experiences smaller price fluctuations and is considered to be less risky than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MHCAX | PHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.84% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 2.56% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 4.34% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 4.02% | +21.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 4.09% | +14.14% |