MKTRX vs. AAFTX
Compare and contrast key facts about MainStay Income Builder Fund (MKTRX) and American Funds 2035 Target Date Retirement Fund (AAFTX).
MKTRX is managed by New York Life Investments. It was launched on Dec 28, 1987. AAFTX is managed by American Funds. It was launched on Jan 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MKTRX or AAFTX.
Correlation
The correlation between MKTRX and AAFTX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MKTRX vs. AAFTX - Performance Comparison
Key characteristics
MKTRX:
1.50
AAFTX:
1.33
MKTRX:
2.06
AAFTX:
1.80
MKTRX:
1.28
AAFTX:
1.24
MKTRX:
1.03
AAFTX:
1.11
MKTRX:
7.06
AAFTX:
6.57
MKTRX:
1.83%
AAFTX:
1.82%
MKTRX:
8.67%
AAFTX:
9.02%
MKTRX:
-59.81%
AAFTX:
-47.94%
MKTRX:
-1.55%
AAFTX:
-2.00%
Returns By Period
In the year-to-date period, MKTRX achieves a 2.75% return, which is significantly lower than AAFTX's 3.38% return. Over the past 10 years, MKTRX has underperformed AAFTX with an annualized return of 2.42%, while AAFTX has yielded a comparatively higher 5.47% annualized return.
MKTRX
2.75%
2.50%
5.03%
12.89%
2.60%
2.42%
AAFTX
3.38%
2.89%
5.21%
11.39%
5.44%
5.47%
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MKTRX vs. AAFTX - Expense Ratio Comparison
MKTRX has a 1.95% expense ratio, which is higher than AAFTX's 0.33% expense ratio.
Risk-Adjusted Performance
MKTRX vs. AAFTX — Risk-Adjusted Performance Rank
MKTRX
AAFTX
MKTRX vs. AAFTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Income Builder Fund (MKTRX) and American Funds 2035 Target Date Retirement Fund (AAFTX). 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.
Dividends
MKTRX vs. AAFTX - Dividend Comparison
MKTRX's dividend yield for the trailing twelve months is around 1.81%, more than AAFTX's 1.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKTRX MainStay Income Builder Fund | 1.81% | 1.98% | 1.89% | 1.47% | 1.48% | 1.31% | 1.89% | 1.94% | 1.70% | 2.30% | 2.85% | 2.78% |
AAFTX American Funds 2035 Target Date Retirement Fund | 1.67% | 1.72% | 1.72% | 1.44% | 0.87% | 0.98% | 1.11% | 1.20% | 0.93% | 1.04% | 0.74% | 4.70% |
Drawdowns
MKTRX vs. AAFTX - Drawdown Comparison
The maximum MKTRX drawdown since its inception was -59.81%, which is greater than AAFTX's maximum drawdown of -47.94%. Use the drawdown chart below to compare losses from any high point for MKTRX and AAFTX. For additional features, visit the drawdowns tool.
Volatility
MKTRX vs. AAFTX - Volatility Comparison
MainStay Income Builder Fund (MKTRX) has a higher volatility of 2.88% compared to American Funds 2035 Target Date Retirement Fund (AAFTX) at 2.63%. This indicates that MKTRX's price experiences larger fluctuations and is considered to be riskier than AAFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.