MSTIX vs. MGXIX
Compare and contrast key facts about MainStay MacKay Short Term Municipal Fund (MSTIX) and MainStay Equity Allocation Fund (MGXIX).
MSTIX is managed by New York Life. It was launched on Jan 1, 1991. MGXIX is managed by New York Life. It was launched on Apr 3, 2005.
Performance
MSTIX vs. MGXIX - Performance Comparison
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MSTIX vs. MGXIX - 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% |
MGXIX MainStay Equity Allocation Fund | -5.05% | 14.31% | 11.47% | 17.67% | -17.08% | 20.76% | 15.71% | 24.59% | -13.47% | 18.74% |
Returns By Period
In the year-to-date period, MSTIX achieves a -0.03% return, which is significantly higher than MGXIX's -5.05% return. Over the past 10 years, MSTIX has underperformed MGXIX with an annualized return of 1.56%, while MGXIX has yielded a comparatively higher 8.62% 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%
MGXIX
- 1D
- -0.41%
- 1M
- -8.95%
- YTD
- -5.05%
- 6M
- -2.44%
- 1Y
- 12.02%
- 3Y*
- 10.91%
- 5Y*
- 5.97%
- 10Y*
- 8.62%
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MSTIX vs. MGXIX - Expense Ratio Comparison
MSTIX has a 0.40% expense ratio, which is higher than MGXIX's 0.12% expense ratio.
Return for Risk
MSTIX vs. MGXIX — Risk / Return Rank
MSTIX
MGXIX
MSTIX vs. MGXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Short Term Municipal Fund (MSTIX) and MainStay Equity Allocation Fund (MGXIX). 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 | MGXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 0.75 | +1.22 |
Sortino ratioReturn per unit of downside risk | 2.91 | 1.15 | +1.76 |
Omega ratioGain probability vs. loss probability | 1.67 | 1.17 | +0.50 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.82 | +1.36 |
Martin ratioReturn relative to average drawdown | 8.70 | 3.83 | +4.87 |
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 | MGXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 0.75 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.38 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.51 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.39 | +1.18 |
Correlation
The correlation between MSTIX and MGXIX is -0.08. 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
MSTIX vs. MGXIX - Dividend Comparison
MSTIX's dividend yield for the trailing twelve months is around 3.07%, less than MGXIX's 6.44% 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% |
MGXIX MainStay Equity Allocation Fund | 6.44% | 6.12% | 6.68% | 0.00% | 11.02% | 12.58% | 4.97% | 5.52% | 12.44% | 3.42% | 2.90% | 5.94% |
Drawdowns
MSTIX vs. MGXIX - Drawdown Comparison
The maximum MSTIX drawdown since its inception was -8.99%, smaller than the maximum MGXIX drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for MSTIX and MGXIX.
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Drawdown Indicators
| MSTIX | MGXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.99% | -53.45% | +44.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -11.67% | +9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -25.63% | +20.01% |
Max Drawdown (10Y)Largest decline over 10 years | -5.62% | -34.63% | +29.01% |
Current DrawdownCurrent decline from peak | -1.38% | -9.33% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -8.48% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.59% | -2.13% |
Volatility
MSTIX vs. MGXIX - Volatility Comparison
The current volatility for MainStay MacKay Short Term Municipal Fund (MSTIX) is 0.50%, while MainStay Equity Allocation Fund (MGXIX) has a volatility of 4.78%. This indicates that MSTIX experiences smaller price fluctuations and is considered to be less risky than MGXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTIX | MGXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 4.78% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 8.95% | -7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 16.08% | -13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.80% | 15.62% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.55% | 17.07% | -15.52% |