MMRIX vs. MSTIX
Compare and contrast key facts about MainStay Moderate Allocation Fund (MMRIX) and MainStay MacKay Short Term Municipal Fund (MSTIX).
MMRIX is managed by New York Life. It was launched on Apr 3, 2005. MSTIX is managed by New York Life. It was launched on Jan 1, 1991.
Performance
MMRIX vs. MSTIX - Performance Comparison
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MMRIX vs. MSTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMRIX MainStay Moderate Allocation Fund | -3.07% | 11.38% | 8.84% | 13.65% | -13.76% | 12.21% | 13.01% | 18.20% | -8.86% | 12.11% |
MSTIX MainStay MacKay Short Term Municipal Fund | -0.03% | 4.69% | 2.41% | 3.70% | -3.33% | 0.43% | 2.55% | 2.53% | 1.81% | 1.29% |
Returns By Period
In the year-to-date period, MMRIX achieves a -3.07% return, which is significantly lower than MSTIX's -0.03% return. Over the past 10 years, MMRIX has outperformed MSTIX with an annualized return of 6.30%, while MSTIX has yielded a comparatively lower 1.56% annualized return.
MMRIX
- 1D
- 0.00%
- 1M
- -6.27%
- YTD
- -3.07%
- 6M
- -0.93%
- 1Y
- 9.58%
- 3Y*
- 8.70%
- 5Y*
- 4.63%
- 10Y*
- 6.30%
MSTIX
- 1D
- 0.00%
- 1M
- -1.38%
- YTD
- -0.03%
- 6M
- 0.59%
- 1Y
- 3.55%
- 3Y*
- 3.14%
- 5Y*
- 1.53%
- 10Y*
- 1.56%
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MMRIX vs. MSTIX - Expense Ratio Comparison
MMRIX has a 0.09% expense ratio, which is lower than MSTIX's 0.40% expense ratio.
Return for Risk
MMRIX vs. MSTIX — Risk / Return Rank
MMRIX
MSTIX
MMRIX vs. MSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) and MainStay MacKay Short Term Municipal Fund (MSTIX). 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.
| MMRIX | MSTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.97 | -1.01 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.91 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.67 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.18 | -1.08 |
Martin ratioReturn relative to average drawdown | 5.01 | 8.70 | -3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MMRIX | MSTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.97 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.85 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.01 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.57 | -1.06 |
Correlation
The correlation between MMRIX and MSTIX is -0.02. 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
MMRIX vs. MSTIX - Dividend Comparison
MMRIX's dividend yield for the trailing twelve months is around 5.69%, more than MSTIX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMRIX MainStay Moderate Allocation Fund | 5.69% | 5.51% | 6.88% | 0.60% | 5.92% | 9.74% | 5.89% | 4.16% | 7.98% | 3.23% | 1.73% | 5.26% |
MSTIX MainStay MacKay Short Term Municipal Fund | 3.07% | 3.38% | 3.14% | 2.85% | 1.38% | 0.85% | 1.37% | 1.76% | 1.48% | 1.28% | 0.87% | 0.82% |
Drawdowns
MMRIX vs. MSTIX - Drawdown Comparison
The maximum MMRIX drawdown since its inception was -35.91%, which is greater than MSTIX's maximum drawdown of -8.99%. Use the drawdown chart below to compare losses from any high point for MMRIX and MSTIX.
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Drawdown Indicators
| MMRIX | MSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -8.99% | -26.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -1.83% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -5.62% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -5.62% | -18.72% |
Current DrawdownCurrent decline from peak | -6.40% | -1.38% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -0.54% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 0.46% | +1.24% |
Volatility
MMRIX vs. MSTIX - Volatility Comparison
MainStay Moderate Allocation Fund (MMRIX) has a higher volatility of 3.33% compared to MainStay MacKay Short Term Municipal Fund (MSTIX) at 0.50%. This indicates that MMRIX's price experiences larger fluctuations and is considered to be riskier than MSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMRIX | MSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 0.50% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 0.99% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 2.09% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 1.80% | +8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.16% | 1.55% | +10.61% |