MMRIX vs. MCKIX
MMRIX (MainStay Moderate Allocation Fund) and MCKIX (MainStay Conservative Allocation Fund) are both Diversified Portfolio funds from New York Life. Over the past 10 years, MMRIX returned 6.88%/yr vs 5.39%/yr for MCKIX. Their 0.98 correlation means they have historically moved very closely together. MMRIX charges 0.09%/yr vs 0.10%/yr for MCKIX.
Performance
MMRIX vs. MCKIX - Performance Comparison
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Returns By Period
In the year-to-date period, MMRIX achieves a 6.90% return, which is significantly higher than MCKIX's 5.09% return. Over the past 10 years, MMRIX has outperformed MCKIX with an annualized return of 6.88%, while MCKIX has yielded a comparatively lower 5.39% annualized return.
MMRIX
- 1D
- 1.12%
- 1M
- -0.84%
- 6M
- 4.86%
- YTD
- 6.90%
- 1Y
- 13.95%
- 3Y*
- 10.53%
- 5Y*
- 5.46%
- 10Y*
- 6.88%
- ALL TIME*
- 6.50%
MCKIX
- 1D
- 0.78%
- 1M
- -0.85%
- 6M
- 3.52%
- YTD
- 5.09%
- 1Y
- 10.75%
- 3Y*
- 8.73%
- 5Y*
- 4.04%
- 10Y*
- 5.39%
- ALL TIME*
- 5.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MMRIX vs. MCKIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMRIX MainStay Moderate Allocation Fund | 6.90% | 11.38% | 8.84% | 13.65% | -13.76% | 12.21% | 13.01% | 18.20% | -8.86% | 12.11% |
MCKIX MainStay Conservative Allocation Fund | 5.09% | 9.60% | 7.16% | 11.15% | -12.54% | 7.88% | 11.03% | 14.85% | -6.82% | 9.09% |
Correlation
The correlation between MMRIX and MCKIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2005 | 0.98 |
The correlation between MMRIX and MCKIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
MMRIX vs. MCKIX — Risk / Return Rank
MMRIX
MCKIX
MMRIX vs. MCKIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) and MainStay Conservative Allocation Fund (MCKIX). 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.
| MMRIX | MCKIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.04 | -0.01 |
| Martin ratioReturn relative to average drawdown | 8.68 | 8.76 | -0.08 |
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Drawdowns
MMRIX vs. MCKIX - Drawdown Comparison
The maximum MMRIX drawdown since its inception was -35.91%, which is greater than MCKIX's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for MMRIX and MCKIX.
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Drawdown Indicators
| MMRIX | MCKIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -25.69% | -10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -5.03% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | -8.95% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -18.17% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -19.18% | -5.16% |
Current DrawdownCurrent decline from peak | -1.48% | -1.30% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.11% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.17% | +0.33% |
Volatility
MMRIX vs. MCKIX - Volatility Comparison
MainStay Moderate Allocation Fund (MMRIX) has a higher volatility of 2.47% compared to MainStay Conservative Allocation Fund (MCKIX) at 1.87%. This indicates that MMRIX's price experiences larger fluctuations and is considered to be riskier than MCKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMRIX | MCKIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.87% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 5.53% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 6.60% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 7.88% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 7.80% | +4.37% |
MMRIX vs. MCKIX - Expense Ratio Comparison
MMRIX has a 0.09% expense ratio, which is lower than MCKIX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MMRIX vs. MCKIX - Dividend Comparison
MMRIX's dividend yield for the trailing twelve months is around 5.15%, which matches MCKIX's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCKIX MainStay Conservative Allocation Fund | 5.10% | 4.49% | 4.71% | 2.73% | 3.85% | 7.78% | 5.21% | 2.73% | 6.12% | 3.35% | 1.66% | 4.25% |
MMRIX MainStay Moderate Allocation Fund | 5.15% | 5.51% | 6.88% | 0.60% | 5.92% | 9.74% | 5.89% | 4.16% | 7.98% | 3.23% | 1.73% | 5.26% |
Frequently Asked Questions
With a correlation of 0.98, MMRIX and MCKIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MMRIX has higher volatility (2.47%) compared to MCKIX (1.87%). In terms of maximum drawdown, MMRIX dropped -35.91% vs MCKIX's -25.69%.
MCKIX currently has the higher Sharpe Ratio (1.56 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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