MSPIX vs. MXFIX
Compare and contrast key facts about MainStay S&P 500 Index Fund (MSPIX) and MainStay Floating Rate Fund (MXFIX).
MSPIX is managed by New York Life. It was launched on Jan 2, 1991. MXFIX is managed by New York Life. It was launched on May 2, 2004.
Performance
MSPIX vs. MXFIX - Performance Comparison
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MSPIX vs. MXFIX - 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% |
MXFIX MainStay Floating Rate Fund | -1.50% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Returns By Period
In the year-to-date period, MSPIX achieves a -7.11% return, which is significantly lower than MXFIX's -1.50% return. Over the past 10 years, MSPIX has outperformed MXFIX with an annualized return of 13.46%, while MXFIX has yielded a comparatively lower 4.58% 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%
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
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MSPIX vs. MXFIX - Expense Ratio Comparison
MSPIX has a 0.25% expense ratio, which is lower than MXFIX's 0.74% expense ratio.
Return for Risk
MSPIX vs. MXFIX — Risk / Return Rank
MSPIX
MXFIX
MSPIX vs. MXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay S&P 500 Index Fund (MSPIX) and MainStay Floating Rate Fund (MXFIX). 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 | MXFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.39 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.21 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.42 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.87 | -0.90 |
Martin ratioReturn relative to average drawdown | 4.73 | 6.17 | -1.44 |
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 | MXFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.39 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.80 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 1.21 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.21 | -0.63 |
Correlation
The correlation between MSPIX and MXFIX is 0.14, 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
MSPIX vs. MXFIX - Dividend Comparison
MSPIX's dividend yield for the trailing twelve months is around 1.34%, less than MXFIX's 6.82% 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% |
MXFIX MainStay Floating Rate Fund | 6.82% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Drawdowns
MSPIX vs. MXFIX - Drawdown Comparison
The maximum MSPIX drawdown since its inception was -55.30%, which is greater than MXFIX's maximum drawdown of -25.01%. Use the drawdown chart below to compare losses from any high point for MSPIX and MXFIX.
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Drawdown Indicators
| MSPIX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.30% | -25.01% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -2.06% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -6.34% | -18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -20.09% | -13.69% |
Current DrawdownCurrent decline from peak | -8.93% | -1.61% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -1.22% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.62% | +1.95% |
Volatility
MSPIX vs. MXFIX - Volatility Comparison
MainStay S&P 500 Index Fund (MSPIX) has a higher volatility of 4.24% compared to MainStay Floating Rate Fund (MXFIX) at 0.82%. This indicates that MSPIX's price experiences larger fluctuations and is considered to be riskier than MXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSPIX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 0.82% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 1.83% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 2.89% | +15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 2.66% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 3.81% | +14.23% |