MKHCX vs. XILSX

Last updated Aug 1, 2026

MKHCX (MainStay MacKay High Yield Corporate Bond Fund) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. Their -0.01 correlation means they have often moved in opposite directions in the past. MKHCX charges 1.83%/yr vs 1.88%/yr for XILSX.

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.

Returns By Period

MKHCX

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

XILSX

• 1D: 0.00%
• 1M: 0.95%
• 6M: 8.36%
• YTD: 10.04%
• 1Y: 23.43%
• 3Y*: 19.09%
• 5Y*: 12.59%
• 10Y*: —
• ALL TIME*: 6.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XILSX Pioneer ILS Interval Fund	$0.00	$0.00	$0.00

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%	4.48%
XILSX Pioneer ILS Interval Fund	10.04%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-2.11%	-8.83%

Correlation

The correlation between MKHCX and XILSX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.00
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	-0.01

Return for Risk

MKHCX vs. XILSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MKHCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	XILSX	Difference
Sharpe ratio: Return per unit of total volatility	—	7.88	—
Sortino ratio: Return per unit of downside risk	—	77.96	—
Omega ratio: Gain probability vs. loss probability	—	41.51	—
Calmar ratio: Return relative to maximum drawdown	—	112.69	—
Martin ratio: Return relative to average drawdown	—	769.28	—

Drawdowns

Drawdown Indicators

	MKHCX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.53%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.36%	—
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	—	-4.83%	—
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	—	0.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.78%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.90%	—

MKHCX vs. XILSX - Expense Ratio Comparison

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

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 8.64%.

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%
XILSX Pioneer ILS Interval Fund	8.64%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MKHCX and XILSX in my portfolio?

MKHCX and XILSX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.