MSCVX vs. MECVX
Compare and contrast key facts about MainStay MacKay California Tax Free Opportunities Fund (MSCVX) and MainStay Epoch Capital Growth Fund (MECVX).
MSCVX is managed by MainStay. It was launched on Feb 27, 2013. MECVX is managed by MainStay. It was launched on Jun 29, 2016.
Performance
MSCVX vs. MECVX - Performance Comparison
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MSCVX vs. MECVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSCVX MainStay MacKay California Tax Free Opportunities Fund | -0.63% | 3.53% | 2.74% | 6.09% | -11.16% | 2.34% | 4.75% | 8.39% | 1.67% | 6.35% |
MECVX MainStay Epoch Capital Growth Fund | -5.60% | 13.10% | 10.52% | 29.35% | -19.63% | 25.00% | 29.21% | 34.56% | -8.92% | 26.65% |
Returns By Period
In the year-to-date period, MSCVX achieves a -0.63% return, which is significantly higher than MECVX's -5.60% return.
MSCVX
- 1D
- 0.11%
- 1M
- -2.86%
- YTD
- -0.63%
- 6M
- 1.03%
- 1Y
- 2.97%
- 3Y*
- 3.21%
- 5Y*
- 0.42%
- 10Y*
- 2.14%
MECVX
- 1D
- -0.41%
- 1M
- -8.93%
- YTD
- -5.60%
- 6M
- -3.91%
- 1Y
- 9.91%
- 3Y*
- 11.51%
- 5Y*
- 8.03%
- 10Y*
- —
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MSCVX vs. MECVX - Expense Ratio Comparison
MSCVX has a 0.77% expense ratio, which is lower than MECVX's 1.39% expense ratio.
Return for Risk
MSCVX vs. MECVX — Risk / Return Rank
MSCVX
MECVX
MSCVX vs. MECVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay California Tax Free Opportunities Fund (MSCVX) and MainStay Epoch Capital Growth Fund (MECVX). 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.
| MSCVX | MECVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.61 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.05 | 0.96 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.70 | +0.05 |
Martin ratioReturn relative to average drawdown | 2.18 | 2.89 | -0.72 |
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
| MSCVX | MECVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.61 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.49 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.76 | +0.07 |
Correlation
The correlation between MSCVX and MECVX is 0.07, 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.
Dividends
MSCVX vs. MECVX - Dividend Comparison
MSCVX's dividend yield for the trailing twelve months is around 3.34%, less than MECVX's 8.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCVX MainStay MacKay California Tax Free Opportunities Fund | 3.34% | 4.45% | 3.84% | 2.84% | 2.81% | 2.13% | 2.48% | 2.78% | 3.01% | 3.07% | 3.16% | 3.50% |
MECVX MainStay Epoch Capital Growth Fund | 8.60% | 8.12% | 4.30% | 0.32% | 1.01% | 28.36% | 19.49% | 9.87% | 7.96% | 3.31% | 0.22% | 0.00% |
Drawdowns
MSCVX vs. MECVX - Drawdown Comparison
The maximum MSCVX drawdown since its inception was -17.13%, smaller than the maximum MECVX drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for MSCVX and MECVX.
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Drawdown Indicators
| MSCVX | MECVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -30.36% | +13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -10.77% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -29.51% | +12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -10.06% | +7.20% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -4.98% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.72% | -0.98% |
Volatility
MSCVX vs. MECVX - Volatility Comparison
The current volatility for MainStay MacKay California Tax Free Opportunities Fund (MSCVX) is 1.01%, while MainStay Epoch Capital Growth Fund (MECVX) has a volatility of 4.71%. This indicates that MSCVX experiences smaller price fluctuations and is considered to be less risky than MECVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSCVX | MECVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.71% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 9.41% | -7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 16.30% | -11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 16.40% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 16.88% | -12.21% |