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 Investments. It was launched on May 1, 1986. PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHCAX or PHYSX.
Correlation
The correlation between MHCAX and PHYSX is 0.37, 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. PHYSX - Performance Comparison
Key characteristics
MHCAX:
2.10
PHYSX:
1.19
MHCAX:
2.81
PHYSX:
1.51
MHCAX:
1.51
PHYSX:
1.27
MHCAX:
1.92
PHYSX:
0.78
MHCAX:
9.58
PHYSX:
3.62
MHCAX:
0.67%
PHYSX:
1.32%
MHCAX:
3.05%
PHYSX:
3.98%
MHCAX:
-29.56%
PHYSX:
-19.86%
MHCAX:
-1.22%
PHYSX:
-3.75%
Returns By Period
In the year-to-date period, MHCAX achieves a 0.49% return, which is significantly higher than PHYSX's -3.06% return. Over the past 10 years, MHCAX has underperformed PHYSX with an annualized return of 4.53%, while PHYSX has yielded a comparatively higher 4.99% annualized return.
MHCAX
0.49%
-1.04%
1.18%
6.19%
5.98%
4.53%
PHYSX
-3.06%
-2.81%
-1.61%
4.29%
8.39%
4.99%
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MHCAX vs. PHYSX - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is higher than PHYSX's 0.86% expense ratio.
Risk-Adjusted Performance
MHCAX vs. PHYSX — Risk-Adjusted Performance Rank
MHCAX
PHYSX
MHCAX vs. PHYSX - 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 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.
Dividends
MHCAX vs. PHYSX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.88%, less than PHYSX's 8.09% 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% |
PHYSX PIA High Yield Fund | 8.09% | 7.68% | 7.40% | 8.23% | 6.13% | 6.30% | 6.61% | 6.52% | 6.39% | 6.10% | 6.41% | 5.82% |
Drawdowns
MHCAX vs. PHYSX - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.56%, which is greater than PHYSX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for MHCAX and PHYSX. For additional features, visit the drawdowns tool.
Volatility
MHCAX vs. PHYSX - Volatility Comparison
The current volatility for MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) is 2.06%, while PIA High Yield Fund (PHYSX) has a volatility of 2.96%. 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.