MKHCX vs. XILSX

Last updated Apr 2, 2026

Compare and contrast key facts about MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and Pioneer ILS Interval Fund (XILSX).

MKHCX is managed by New York Life. It was launched on May 1, 1986. XILSX is managed by Amundi. It was launched on Dec 16, 2014.

Performance

MKHCX vs. XILSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and Pioneer ILS Interval Fund (XILSX). The values are adjusted to include any dividend payments, if applicable.

MKHCX vs. XILSX - 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%	4.30%
XILSX Pioneer ILS Interval Fund	6.00%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-2.11%	-8.83%

Returns By Period

MKHCX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XILSX

• 1D: 0.79%
• 1M: 2.20%
• YTD: 6.00%
• 6M: 12.03%
• 1Y: 26.11%
• 3Y*: 19.87%
• 5Y*: 12.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MKHCX vs. XILSX - Expense Ratio Comparison

MKHCX has a 1.83% expense ratio, which is lower than XILSX's 1.88% expense ratio.

XILSX

Pioneer ILS Interval Fund

MKHCX

MainStay MacKay High Yield Corporate Bond Fund

Return for Risk

MKHCX vs. XILSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MKHCX vs. XILSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Corporate Bond Fund (MKHCX) and Pioneer ILS Interval Fund (XILSX). 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.

Sharpe Ratios by Period

	MKHCX	XILSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	3.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.60	—

Correlation

The correlation between MKHCX and XILSX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MKHCX vs. XILSX - Dividend Comparison

MKHCX has not paid dividends to shareholders, while XILSX's dividend yield for the trailing twelve months is around 8.97%.

	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%
XILSX Pioneer ILS Interval Fund	8.97%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MKHCX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.53%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.27%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-5.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	MKHCX	XILSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.11%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.96%	—