MKTRX vs. PIMIX
Compare and contrast key facts about MainStay Income Builder Fund (MKTRX) and PIMCO Income Fund Institutional Class (PIMIX).
MKTRX is managed by New York Life Investments. It was launched on Dec 28, 1987. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MKTRX or PIMIX.
Correlation
The correlation between MKTRX and PIMIX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MKTRX vs. PIMIX - Performance Comparison
Key characteristics
MKTRX:
1.78
PIMIX:
2.05
MKTRX:
2.45
PIMIX:
3.09
MKTRX:
1.33
PIMIX:
1.40
MKTRX:
1.26
PIMIX:
3.51
MKTRX:
8.33
PIMIX:
8.74
MKTRX:
1.83%
PIMIX:
0.95%
MKTRX:
8.58%
PIMIX:
4.04%
MKTRX:
-59.81%
PIMIX:
-13.39%
MKTRX:
-0.33%
PIMIX:
0.00%
Returns By Period
In the year-to-date period, MKTRX achieves a 4.02% return, which is significantly higher than PIMIX's 1.76% return. Over the past 10 years, MKTRX has underperformed PIMIX with an annualized return of 2.49%, while PIMIX has yielded a comparatively higher 4.43% annualized return.
MKTRX
4.02%
3.31%
3.55%
13.63%
2.75%
2.49%
PIMIX
1.76%
1.86%
2.68%
7.66%
3.08%
4.43%
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MKTRX vs. PIMIX - Expense Ratio Comparison
MKTRX has a 1.95% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
MKTRX vs. PIMIX — Risk-Adjusted Performance Rank
MKTRX
PIMIX
MKTRX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Income Builder Fund (MKTRX) and PIMCO Income Fund Institutional Class (PIMIX). 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. PIMIX - Dividend Comparison
MKTRX's dividend yield for the trailing twelve months is around 1.93%, less than PIMIX's 6.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKTRX MainStay Income Builder Fund | 1.93% | 1.98% | 1.89% | 1.47% | 1.48% | 1.31% | 1.89% | 1.94% | 1.70% | 2.30% | 2.85% | 2.78% |
PIMIX PIMCO Income Fund Institutional Class | 6.20% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
MKTRX vs. PIMIX - Drawdown Comparison
The maximum MKTRX drawdown since its inception was -59.81%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for MKTRX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
MKTRX vs. PIMIX - Volatility Comparison
MainStay Income Builder Fund (MKTRX) has a higher volatility of 2.25% compared to PIMCO Income Fund Institutional Class (PIMIX) at 0.87%. This indicates that MKTRX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.