MSPIX vs. VTTSX
Compare and contrast key facts about MainStay S&P 500 Index Fund (MSPIX) and Vanguard Target Retirement 2060 Fund (VTTSX).
MSPIX is managed by New York Life Investments. It was launched on Jan 2, 1991. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSPIX or VTTSX.
Correlation
The correlation between MSPIX and VTTSX is 0.96, 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.
Performance
MSPIX vs. VTTSX - Performance Comparison
Key characteristics
MSPIX:
0.48
VTTSX:
0.85
MSPIX:
0.78
VTTSX:
1.27
MSPIX:
1.12
VTTSX:
1.18
MSPIX:
0.45
VTTSX:
0.89
MSPIX:
1.54
VTTSX:
3.98
MSPIX:
6.11%
VTTSX:
3.26%
MSPIX:
19.79%
VTTSX:
15.28%
MSPIX:
-55.30%
VTTSX:
-31.38%
MSPIX:
-10.38%
VTTSX:
-3.16%
Returns By Period
In the year-to-date period, MSPIX achieves a -3.62% return, which is significantly lower than VTTSX's 1.68% return. Over the past 10 years, MSPIX has underperformed VTTSX with an annualized return of 3.92%, while VTTSX has yielded a comparatively higher 7.92% annualized return.
MSPIX
-3.62%
11.39%
-4.42%
7.08%
10.27%
3.92%
VTTSX
1.68%
10.61%
2.14%
10.56%
11.77%
7.92%
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MSPIX vs. VTTSX - Expense Ratio Comparison
MSPIX has a 0.25% expense ratio, which is higher than VTTSX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MSPIX vs. VTTSX — Risk-Adjusted Performance Rank
MSPIX
VTTSX
MSPIX vs. VTTSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay S&P 500 Index Fund (MSPIX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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.
Dividends
MSPIX vs. VTTSX - Dividend Comparison
MSPIX's dividend yield for the trailing twelve months is around 1.20%, less than VTTSX's 2.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSPIX MainStay S&P 500 Index Fund | 1.20% | 1.16% | 1.30% | 1.55% | 1.09% | 1.34% | 2.27% | 2.20% | 1.88% | 2.56% | 1.88% | 1.55% |
VTTSX Vanguard Target Retirement 2060 Fund | 2.10% | 2.14% | 2.14% | 2.09% | 1.95% | 1.57% | 2.11% | 2.30% | 1.77% | 1.98% | 1.85% | 1.65% |
Drawdowns
MSPIX vs. VTTSX - Drawdown Comparison
The maximum MSPIX drawdown since its inception was -55.30%, which is greater than VTTSX's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for MSPIX and VTTSX. For additional features, visit the drawdowns tool.
Volatility
MSPIX vs. VTTSX - Volatility Comparison
MainStay S&P 500 Index Fund (MSPIX) has a higher volatility of 13.16% compared to Vanguard Target Retirement 2060 Fund (VTTSX) at 10.14%. This indicates that MSPIX's price experiences larger fluctuations and is considered to be riskier than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.