MKHCX vs. PRCPX
MKHCX (MainStay MacKay High Yield Corporate Bond Fund) and PRCPX (T. Rowe Price Credit Opportunities Fund) are both High Yield Bonds funds. Their 0.67 correlation means they have sometimes moved together and sometimes differently. MKHCX charges 1.83%/yr vs 0.81%/yr for PRCPX.
Performance
MKHCX vs. PRCPX - Performance Comparison
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Returns By Period
MKHCX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PRCPX
- 1D
- 0.13%
- 1M
- -0.88%
- 6M
- 1.24%
- YTD
- 1.69%
- 1Y
- 5.23%
- 3Y*
- 11.84%
- 5Y*
- 7.14%
- 10Y*
- 7.06%
- ALL TIME*
- 5.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 |
MKHCX vs. PRCPX - 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 1.69% | 10.78% | 14.01% | 20.68% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Correlation
The correlation between MKHCX and PRCPX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.67 |
The correlation between MKHCX and PRCPX shifts across timeframes, from 0.51 (3 years) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MKHCX vs. PRCPX — Risk / Return Rank
MKHCX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PRCPX
MKHCX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.51 | — |
| Martin ratioReturn relative to average drawdown | — | 10.79 | — |
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Drawdowns
MKHCX vs. PRCPX - Drawdown Comparison
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Drawdown Indicators
| MKHCX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -23.07% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.07% | — |
Current DrawdownCurrent decline from peak | — | -1.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.97% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.46% | — |
Volatility
MKHCX vs. PRCPX - Volatility Comparison
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Volatility by Period
| MKHCX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.21% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.97% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.48% | — |
MKHCX vs. PRCPX - Expense Ratio Comparison
MKHCX has a 1.83% expense ratio, which is higher than PRCPX's 0.81% expense ratio.
Dividends
MKHCX vs. PRCPX - Dividend Comparison
MKHCX has not paid dividends to shareholders, while PRCPX's dividend yield for the trailing twelve months is around 6.95%.
| Position | 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 6.95% | 8.65% | 12.91% | 12.59% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Frequently Asked Questions
MKHCX and PRCPX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for MKHCX and PRCPX
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