MKHCX vs. MXFIX
Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and MainStay Floating Rate Fund (MXFIX).
MKHCX is managed by New York Life. It was launched on May 1, 1986. MXFIX is managed by New York Life. It was launched on May 2, 2004.
Performance
MKHCX vs. MXFIX - Performance Comparison
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MKHCX vs. MXFIX - 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% |
MXFIX MainStay Floating Rate Fund | -1.50% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Returns By Period
MKHCX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
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MKHCX vs. MXFIX - Expense Ratio Comparison
MKHCX has a 1.83% expense ratio, which is higher than MXFIX's 0.74% expense ratio.
Return for Risk
MKHCX vs. MXFIX — Risk / Return Rank
MKHCX
MXFIX
MKHCX vs. MXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and MainStay Floating Rate Fund (MXFIX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MKHCX | MXFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.39 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 1.21 | — |
Correlation
The correlation between MKHCX and MXFIX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MKHCX vs. MXFIX - Dividend Comparison
MKHCX has not paid dividends to shareholders, while MXFIX's dividend yield for the trailing twelve months is around 6.82%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MXFIX MainStay Floating Rate Fund | 6.82% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Drawdowns
MKHCX vs. MXFIX - Drawdown Comparison
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Drawdown Indicators
| MKHCX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -25.01% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.09% | — |
Current DrawdownCurrent decline from peak | — | -1.61% | — |
Average DrawdownAverage peak-to-trough decline | — | -1.22% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.62% | — |
Volatility
MKHCX vs. MXFIX - Volatility Comparison
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Volatility by Period
| MKHCX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.89% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 2.66% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 3.81% | — |