MSOAX vs. MSTIX
Compare and contrast key facts about MainStay WMC Enduring Capital Fund (MSOAX) and MainStay MacKay Short Term Municipal Fund (MSTIX).
MSOAX is managed by New York Life. It was launched on Jun 1, 1998. MSTIX is managed by New York Life. It was launched on Jan 1, 1991.
Performance
MSOAX vs. MSTIX - Performance Comparison
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MSOAX vs. MSTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSOAX MainStay WMC Enduring Capital Fund | -4.54% | -0.61% | 10.54% | 17.67% | -13.18% | 35.36% | 15.48% | 24.80% | -7.00% | 23.82% |
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, MSOAX achieves a -4.54% return, which is significantly lower than MSTIX's -0.03% return. Over the past 10 years, MSOAX has outperformed MSTIX with an annualized return of 9.89%, while MSTIX has yielded a comparatively lower 1.56% annualized return.
MSOAX
- 1D
- 0.43%
- 1M
- -9.07%
- YTD
- -4.54%
- 6M
- -6.65%
- 1Y
- -8.45%
- 3Y*
- 6.86%
- 5Y*
- 5.87%
- 10Y*
- 9.89%
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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MSOAX vs. MSTIX - Expense Ratio Comparison
MSOAX has a 0.91% expense ratio, which is higher than MSTIX's 0.40% expense ratio.
Return for Risk
MSOAX vs. MSTIX — Risk / Return Rank
MSOAX
MSTIX
MSOAX vs. MSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Enduring Capital Fund (MSOAX) 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.
| MSOAX | MSTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.48 | 1.97 | -2.46 |
Sortino ratioReturn per unit of downside risk | -0.61 | 2.91 | -3.52 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.67 | -0.74 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.18 | -2.87 |
Martin ratioReturn relative to average drawdown | -1.50 | 8.70 | -10.20 |
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
| MSOAX | MSTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 1.97 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.85 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.01 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.57 | -1.21 |
Correlation
The correlation between MSOAX and MSTIX is -0.11. 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
MSOAX vs. MSTIX - Dividend Comparison
MSOAX's dividend yield for the trailing twelve months is around 4.26%, more than MSTIX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSOAX MainStay WMC Enduring Capital Fund | 4.26% | 4.07% | 0.26% | 0.64% | 4.00% | 8.70% | 0.83% | 5.99% | 13.82% | 0.88% | 1.22% | 1.11% |
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
MSOAX vs. MSTIX - Drawdown Comparison
The maximum MSOAX drawdown since its inception was -55.16%, which is greater than MSTIX's maximum drawdown of -8.99%. Use the drawdown chart below to compare losses from any high point for MSOAX and MSTIX.
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Drawdown Indicators
| MSOAX | MSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.16% | -8.99% | -46.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -1.83% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -5.62% | -15.65% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -5.62% | -28.39% |
Current DrawdownCurrent decline from peak | -14.32% | -1.38% | -12.94% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -0.54% | -12.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 0.46% | +5.22% |
Volatility
MSOAX vs. MSTIX - Volatility Comparison
MainStay WMC Enduring Capital Fund (MSOAX) has a higher volatility of 3.46% compared to MainStay MacKay Short Term Municipal Fund (MSTIX) at 0.50%. This indicates that MSOAX'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
| MSOAX | MSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 0.50% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 0.99% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 2.09% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 1.80% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 1.55% | +16.19% |