MMRIX vs. MSXAX
Compare and contrast key facts about MainStay Moderate Allocation Fund (MMRIX) and NYLI S&P 500 Index Class A (MSXAX).
MMRIX is managed by New York Life. It was launched on Apr 3, 2005. MSXAX is a passively managed fund by New York Life that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004.
Performance
MMRIX vs. MSXAX - Performance Comparison
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MMRIX vs. MSXAX - 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% |
MSXAX NYLI S&P 500 Index Class A | -4.45% | 17.26% | 23.98% | 25.96% | -18.52% | 28.13% | 17.86% | 30.69% | -4.71% | 21.07% |
Returns By Period
In the year-to-date period, MMRIX achieves a -3.07% return, which is significantly higher than MSXAX's -4.45% return. Over the past 10 years, MMRIX has underperformed MSXAX with an annualized return of 6.30%, while MSXAX has yielded a comparatively higher 13.51% 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%
MSXAX
- 1D
- 2.92%
- 1M
- -5.05%
- YTD
- -4.45%
- 6M
- -2.39%
- 1Y
- 16.74%
- 3Y*
- 17.69%
- 5Y*
- 11.23%
- 10Y*
- 13.51%
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MMRIX vs. MSXAX - Expense Ratio Comparison
MMRIX has a 0.09% expense ratio, which is lower than MSXAX's 0.52% expense ratio.
Return for Risk
MMRIX vs. MSXAX — Risk / Return Rank
MMRIX
MSXAX
MMRIX vs. MSXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) and NYLI S&P 500 Index Class A (MSXAX). 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 | MSXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.95 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.45 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.28 | -0.19 |
Martin ratioReturn relative to average drawdown | 5.01 | 6.10 | -1.10 |
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 | MSXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.95 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.67 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.75 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.52 | -0.01 |
Correlation
The correlation between MMRIX and MSXAX is 0.94, 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.
Dividends
MMRIX vs. MSXAX - Dividend Comparison
MMRIX's dividend yield for the trailing twelve months is around 5.69%, more than MSXAX's 1.11% 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% |
MSXAX NYLI S&P 500 Index Class A | 1.11% | 1.06% | 5.20% | 4.04% | 10.30% | 4.44% | 8.78% | 17.42% | 14.49% | 15.18% | 9.63% | 5.53% |
Drawdowns
MMRIX vs. MSXAX - Drawdown Comparison
The maximum MMRIX drawdown since its inception was -35.91%, smaller than the maximum MSXAX drawdown of -55.48%. Use the drawdown chart below to compare losses from any high point for MMRIX and MSXAX.
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Drawdown Indicators
| MMRIX | MSXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -55.48% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -12.11% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -24.78% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -33.79% | +9.45% |
Current DrawdownCurrent decline from peak | -6.40% | -6.31% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -7.21% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.54% | -0.84% |
Volatility
MMRIX vs. MSXAX - Volatility Comparison
The current volatility for MainStay Moderate Allocation Fund (MMRIX) is 3.33%, while NYLI S&P 500 Index Class A (MSXAX) has a volatility of 5.35%. This indicates that MMRIX experiences smaller price fluctuations and is considered to be less risky than MSXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMRIX | MSXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 5.35% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 9.53% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 18.32% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 16.92% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.16% | 18.06% | -5.90% |