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 0.18, 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
Key characteristics
MHCAX:
2.34
TIPX:
0.87
MHCAX:
3.37
TIPX:
1.23
MHCAX:
1.52
TIPX:
1.15
MHCAX:
4.01
TIPX:
0.52
MHCAX:
16.90
TIPX:
3.46
MHCAX:
0.36%
TIPX:
0.83%
MHCAX:
2.61%
TIPX:
3.28%
MHCAX:
-29.56%
TIPX:
-10.06%
MHCAX:
-1.33%
TIPX:
-2.16%
Returns By Period
In the year-to-date period, MHCAX achieves a 5.68% return, which is significantly higher than TIPX's 2.81% return. Over the past 10 years, MHCAX has outperformed TIPX with an annualized return of 4.77%, while TIPX has yielded a comparatively lower 2.48% annualized return.
MHCAX
5.68%
-1.14%
2.59%
5.89%
3.51%
4.77%
TIPX
2.81%
-0.56%
1.44%
3.20%
2.60%
2.48%
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. 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 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.
Dividends
MHCAX vs. TIPX - Dividend Comparison
MHCAX's dividend yield for the trailing twelve months is around 4.95%, more than TIPX's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 4.95% | 5.56% | 5.17% | 4.91% | 5.44% | 5.49% | 5.85% | 6.26% | 6.27% | 6.79% | 6.90% | 7.02% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.58% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
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.
Volatility
MHCAX vs. TIPX - Volatility Comparison
MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) has a higher volatility of 1.04% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 0.95%. 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.