MIXIX vs. SWSBX
MIXIX (MainStay Short Term Bond Fund) and SWSBX (Schwab Short-Term Bond Index Fund) are both Short-Term Bond funds. Over the past 5 years, MIXIX returned 2.08%/yr vs 1.21%/yr for SWSBX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MIXIX charges 0.40%/yr vs 0.06%/yr for SWSBX.
Performance
MIXIX vs. SWSBX - Performance Comparison
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Returns By Period
In the year-to-date period, MIXIX achieves a 0.73% return, which is significantly higher than SWSBX's 0.16% return.
MIXIX
- 1D
- 0.11%
- 1M
- -0.22%
- 6M
- 0.37%
- YTD
- 0.73%
- 1Y
- 2.52%
- 3Y*
- 4.61%
- 5Y*
- 2.08%
- 10Y*
- 2.19%
- ALL TIME*
- 4.58%
SWSBX
- 1D
- 0.11%
- 1M
- -0.42%
- 6M
- 0.02%
- YTD
- 0.16%
- 1Y
- 2.11%
- 3Y*
- 4.01%
- 5Y*
- 1.21%
- 10Y*
- —
- ALL TIME*
- 1.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIXIX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIXIX MainStay Short Term Bond Fund | 0.73% | 5.26% | 5.03% | 4.80% | -4.17% | -0.40% | 3.25% | 8.49% | -0.57% | 2.56% |
SWSBX Schwab Short-Term Bond Index Fund | 0.16% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Correlation
The correlation between MIXIX and SWSBX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.73 |
The correlation between MIXIX and SWSBX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
MIXIX vs. SWSBX — Risk / Return Rank
MIXIX
SWSBX
MIXIX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Short Term Bond Fund (MIXIX) and Schwab Short-Term Bond Index Fund (SWSBX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIXIX | SWSBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 1.37 | +1.53 |
| Martin ratioReturn relative to average drawdown | 12.75 | 3.86 | +8.89 |
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Drawdowns
MIXIX vs. SWSBX - Drawdown Comparison
The maximum MIXIX drawdown since its inception was -9.13%, roughly equal to the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for MIXIX and SWSBX.
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Drawdown Indicators
| MIXIX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.13% | -9.06% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -1.54% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.87% | -1.79% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -6.71% | -8.88% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -9.13% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.81% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -1.78% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.55% | -0.35% |
Volatility
MIXIX vs. SWSBX - Volatility Comparison
MainStay Short Term Bond Fund (MIXIX) has a higher volatility of 0.58% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.50%. This indicates that MIXIX's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIXIX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.50% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 1.67% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.48% | 2.12% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 3.00% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 2.46% | +0.12% |
MIXIX vs. SWSBX - Expense Ratio Comparison
MIXIX has a 0.40% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Dividends
MIXIX vs. SWSBX - Dividend Comparison
MIXIX's dividend yield for the trailing twelve months is around 4.08%, more than SWSBX's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIXIX MainStay Short Term Bond Fund | 4.08% | 4.47% | 5.14% | 4.45% | 2.25% | 1.35% | 11.03% | 4.83% | 2.68% | 2.58% | 3.92% | 3.61% |
SWSBX Schwab Short-Term Bond Index Fund | 3.80% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Frequently Asked Questions
MIXIX and SWSBX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIXIX has higher volatility (0.58%) compared to SWSBX (0.50%). In terms of maximum drawdown, MIXIX dropped -9.13% vs SWSBX's -9.06%.
MIXIX currently has the higher Sharpe Ratio (1.72 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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