MKHCX vs. ICMUX
MKHCX (MainStay MacKay High Yield Corporate Bond Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - MKHCX is a High Yield Bonds fund managed by New York Life, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Their 0.42 correlation means their historical movements had little consistent relationship. MKHCX charges 1.83%/yr vs 1.01%/yr for ICMUX.
Performance
MKHCX vs. ICMUX - Performance Comparison
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Returns By Period
MKHCX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
MKHCX vs. ICMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKHCX MainStay MacKay High Yield Corporate Bond Fund | 0.00% | 1.00% | 5.72% | 10.54% | -9.09% | 4.07% | 4.14% | 11.68% | -2.55% | 5.69% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between MKHCX and ICMUX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.42 |
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Return for Risk
MKHCX vs. ICMUX — Risk / Return Rank
MKHCX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICMUX
MKHCX vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and Intrepid Income Fund (ICMUX). 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.
| MKHCX | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.79 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.83 | — |
| Martin ratioReturn relative to average drawdown | — | 16.75 | — |
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Drawdowns
MKHCX vs. ICMUX - Drawdown Comparison
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Drawdown Indicators
| MKHCX | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -8.77% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.77% | — |
Current DrawdownCurrent decline from peak | — | -0.11% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.73% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.39% | — |
Volatility
MKHCX vs. ICMUX - Volatility Comparison
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Volatility by Period
| MKHCX | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.94% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 2.65% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 2.57% | — |
MKHCX vs. ICMUX - Expense Ratio Comparison
MKHCX has a 1.83% expense ratio, which is higher than ICMUX's 1.01% expense ratio.
Dividends
MKHCX vs. ICMUX - Dividend Comparison
MKHCX has not paid dividends to shareholders, while ICMUX's dividend yield for the trailing twelve months is around 6.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
MKHCX MainStay MacKay High Yield Corporate Bond Fund | 0.00% | 0.42% | 4.98% | 4.69% | 4.21% | 4.19% | 4.72% | 4.78% | 5.09% | 5.39% | 5.40% | 5.85% |
Frequently Asked Questions
MKHCX and ICMUX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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