MHCAX vs. TIPX
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX).
MHCAX is managed by New York Life Investments. It was launched on May 1, 1986. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHCAX or TIPX.
Correlation
The correlation between MHCAX and TIPX is 0.04, 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. TIPX - Performance Comparison
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Key characteristics
MHCAX:
1.85
TIPX:
1.79
MHCAX:
2.52
TIPX:
2.58
MHCAX:
1.47
TIPX:
1.36
MHCAX:
1.81
TIPX:
1.40
MHCAX:
8.29
TIPX:
6.71
MHCAX:
0.73%
TIPX:
0.95%
MHCAX:
3.18%
TIPX:
3.47%
MHCAX:
-29.56%
TIPX:
-10.06%
MHCAX:
-0.65%
TIPX:
-1.19%
Returns By Period
In the year-to-date period, MHCAX achieves a 1.07% return, which is significantly lower than TIPX's 3.27% return. Over the past 10 years, MHCAX has outperformed TIPX with an annualized return of 4.58%, while TIPX has yielded a comparatively lower 2.65% annualized return.
MHCAX
1.07%
1.77%
1.09%
5.84%
5.83%
4.58%
TIPX
3.27%
0.43%
3.30%
6.18%
2.74%
2.65%
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MHCAX vs. TIPX - Expense Ratio Comparison
MHCAX has a 0.95% expense ratio, which is higher than TIPX's 0.15% expense ratio.
Risk-Adjusted Performance
MHCAX vs. TIPX — Risk-Adjusted Performance Rank
MHCAX
TIPX
MHCAX vs. TIPX - 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 SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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. TIPX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 5.85%, more than TIPX's 3.40% 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% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.40% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.52% | 1.90% | 2.84% | 1.04% | 0.06% | 1.52% |
Drawdowns
MHCAX vs. TIPX - Drawdown Comparison
The maximum MHCAX drawdown since its inception was -29.56%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for MHCAX and TIPX. For additional features, visit the drawdowns tool.
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Volatility
MHCAX vs. TIPX - Volatility Comparison
MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) has a higher volatility of 1.34% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.27%. This indicates that MHCAX's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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