MSTIX vs. MBAIX
Compare and contrast key facts about MainStay MacKay Short Term Municipal Fund (MSTIX) and MainStay Balanced Fund (MBAIX).
MSTIX is managed by New York Life. It was launched on Jan 1, 1991. MBAIX is managed by New York Life. It was launched on Apr 30, 1989.
Performance
MSTIX vs. MBAIX - Performance Comparison
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MSTIX vs. MBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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, MSTIX achieves a -0.03% return, which is significantly higher than MBAIX's -1.36% return. Over the past 10 years, MSTIX has underperformed MBAIX with an annualized return of 1.56%, while MBAIX has yielded a comparatively higher 6.95% annualized return.
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%
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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MSTIX vs. MBAIX - Expense Ratio Comparison
MSTIX has a 0.40% expense ratio, which is lower than MBAIX's 0.81% expense ratio.
Return for Risk
MSTIX vs. MBAIX — Risk / Return Rank
MSTIX
MBAIX
MSTIX vs. MBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Term Municipal Fund (MSTIX) 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.
| MSTIX | MBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 0.84 | +1.13 |
Sortino ratioReturn per unit of downside risk | 2.91 | 1.22 | +1.69 |
Omega ratioGain probability vs. loss probability | 1.67 | 1.17 | +0.49 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.03 | +1.14 |
Martin ratioReturn relative to average drawdown | 8.70 | 4.45 | +4.25 |
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
| MSTIX | MBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 0.84 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.59 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.66 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.78 | +0.78 |
Correlation
The correlation between MSTIX and MBAIX is 0.02, 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
MSTIX vs. MBAIX - Dividend Comparison
MSTIX's dividend yield for the trailing twelve months is around 3.07%, less than MBAIX's 6.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
MSTIX vs. MBAIX - Drawdown Comparison
The maximum MSTIX drawdown since its inception was -8.99%, smaller than the maximum MBAIX drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for MSTIX and MBAIX.
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Drawdown Indicators
| MSTIX | MBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.99% | -39.74% | +30.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -6.84% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -13.19% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -5.62% | -25.87% | +20.25% |
Current DrawdownCurrent decline from peak | -1.38% | -4.53% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -3.58% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.59% | -1.13% |
Volatility
MSTIX vs. MBAIX - Volatility Comparison
The current volatility for MainStay MacKay Short Term Municipal Fund (MSTIX) is 0.50%, while MainStay Balanced Fund (MBAIX) has a volatility of 2.25%. This indicates that MSTIX experiences smaller price fluctuations and is considered to be less risky 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
| MSTIX | MBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 2.25% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 5.22% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 9.50% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.80% | 9.40% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.55% | 10.60% | -9.05% |