MSPIX vs. MBAIX
Compare and contrast key facts about MainStay S&P 500 Index Fund (MSPIX) and MainStay Balanced Fund (MBAIX).
MSPIX is managed by New York Life. It was launched on Jan 2, 1991. MBAIX is managed by New York Life. It was launched on Apr 30, 1989.
Performance
MSPIX vs. MBAIX - Performance Comparison
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MSPIX vs. MBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSPIX MainStay S&P 500 Index Fund | -7.11% | 17.55% | 24.31% | 26.29% | -18.33% | 28.46% | 18.14% | 31.02% | -4.47% | 21.38% |
MBAIX MainStay Balanced Fund | -1.36% | 11.38% | 7.59% | 7.56% | -5.80% | 17.13% | 7.73% | 19.28% | -7.53% | 9.87% |
Returns By Period
In the year-to-date period, MSPIX achieves a -7.11% return, which is significantly lower than MBAIX's -1.36% return. Over the past 10 years, MSPIX has outperformed MBAIX with an annualized return of 13.46%, while MBAIX has yielded a comparatively lower 6.95% annualized return.
MSPIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.11%
- 6M
- -4.72%
- 1Y
- 14.15%
- 3Y*
- 16.86%
- 5Y*
- 11.13%
- 10Y*
- 13.46%
MBAIX
- 1D
- 0.16%
- 1M
- -4.42%
- YTD
- -1.36%
- 6M
- 1.82%
- 1Y
- 7.32%
- 3Y*
- 8.24%
- 5Y*
- 5.50%
- 10Y*
- 6.95%
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MSPIX vs. MBAIX - Expense Ratio Comparison
MSPIX has a 0.25% expense ratio, which is lower than MBAIX's 0.81% expense ratio.
Return for Risk
MSPIX vs. MBAIX — Risk / Return Rank
MSPIX
MBAIX
MSPIX vs. MBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay S&P 500 Index Fund (MSPIX) and MainStay Balanced Fund (MBAIX). 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.
| MSPIX | MBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.84 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.22 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.03 | -0.06 |
Martin ratioReturn relative to average drawdown | 4.73 | 4.45 | +0.29 |
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
| MSPIX | MBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.84 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.59 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.66 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.78 | -0.20 |
Correlation
The correlation between MSPIX and MBAIX is 0.87, 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
MSPIX vs. MBAIX - Dividend Comparison
MSPIX's dividend yield for the trailing twelve months is around 1.34%, less than MBAIX's 6.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSPIX MainStay S&P 500 Index Fund | 1.34% | 1.25% | 5.31% | 4.17% | 10.37% | 4.57% | 8.86% | 17.41% | 14.61% | 15.26% | 9.79% | 5.75% |
MBAIX MainStay Balanced Fund | 6.19% | 6.95% | 6.14% | 2.27% | 1.86% | 23.51% | 2.24% | 6.04% | 9.37% | 7.05% | 2.94% | 6.93% |
Drawdowns
MSPIX vs. MBAIX - Drawdown Comparison
The maximum MSPIX drawdown since its inception was -55.30%, which is greater than MBAIX's maximum drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for MSPIX and MBAIX.
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Drawdown Indicators
| MSPIX | MBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.30% | -39.74% | -15.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -6.84% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -13.19% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -25.87% | -7.91% |
Current DrawdownCurrent decline from peak | -8.93% | -4.53% | -4.40% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -3.58% | -5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.59% | +0.98% |
Volatility
MSPIX vs. MBAIX - Volatility Comparison
MainStay S&P 500 Index Fund (MSPIX) has a higher volatility of 4.24% compared to MainStay Balanced Fund (MBAIX) at 2.25%. This indicates that MSPIX's price experiences larger fluctuations and is considered to be riskier than MBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSPIX | MBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.25% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 5.22% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 9.50% | +8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 9.40% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 10.60% | +7.44% |