MSXAX vs. MBAIX
Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and MainStay Balanced Fund (MBAIX).
MSXAX is a passively managed fund by New York Life that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004. MBAIX is managed by New York Life. It was launched on Apr 30, 1989.
Performance
MSXAX vs. MBAIX - Performance Comparison
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MSXAX vs. MBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSXAX NYLI S&P 500 Index Class A | -4.45% | 17.26% | 23.98% | 25.96% | -18.52% | 28.13% | 17.86% | 30.69% | -4.71% | 21.07% |
MBAIX MainStay Balanced Fund | -0.92% | 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, MSXAX achieves a -4.45% return, which is significantly lower than MBAIX's -0.92% return. Over the past 10 years, MSXAX has outperformed MBAIX with an annualized return of 13.51%, while MBAIX has yielded a comparatively lower 7.00% annualized return.
MSXAX
- 1D
- 2.92%
- 1M
- -5.05%
- YTD
- -4.45%
- 6M
- -2.39%
- 1Y
- 16.74%
- 3Y*
- 17.69%
- 5Y*
- 11.23%
- 10Y*
- 13.51%
MBAIX
- 1D
- 0.45%
- 1M
- -3.78%
- YTD
- -0.92%
- 6M
- 1.93%
- 1Y
- 7.77%
- 3Y*
- 8.40%
- 5Y*
- 5.46%
- 10Y*
- 7.00%
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MSXAX vs. MBAIX - Expense Ratio Comparison
MSXAX has a 0.52% expense ratio, which is lower than MBAIX's 0.81% expense ratio.
Return for Risk
MSXAX vs. MBAIX — Risk / Return Rank
MSXAX
MBAIX
MSXAX vs. MBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI S&P 500 Index Class A (MSXAX) 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.
| MSXAX | MBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.83 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.20 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.15 | +0.13 |
Martin ratioReturn relative to average drawdown | 6.10 | 4.90 | +1.20 |
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
| MSXAX | MBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.83 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.58 | +0.08 |
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 | 0.52 | 0.78 | -0.26 |
Correlation
The correlation between MSXAX and MBAIX is 0.90, 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
MSXAX vs. MBAIX - Dividend Comparison
MSXAX's dividend yield for the trailing twelve months is around 1.11%, less than MBAIX's 6.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSXAX NYLI S&P 500 Index Class A | 1.11% | 1.06% | 5.20% | 4.04% | 10.30% | 4.44% | 8.78% | 17.42% | 14.49% | 15.18% | 9.63% | 5.53% |
MBAIX MainStay Balanced Fund | 6.16% | 6.95% | 6.14% | 2.27% | 1.86% | 23.51% | 2.24% | 6.04% | 9.37% | 7.05% | 2.94% | 6.93% |
Drawdowns
MSXAX vs. MBAIX - Drawdown Comparison
The maximum MSXAX drawdown since its inception was -55.48%, which is greater than MBAIX's maximum drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for MSXAX and MBAIX.
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Drawdown Indicators
| MSXAX | MBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -39.74% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -6.84% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -13.19% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -25.87% | -7.92% |
Current DrawdownCurrent decline from peak | -6.31% | -4.11% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -3.58% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.61% | +0.93% |
Volatility
MSXAX vs. MBAIX - Volatility Comparison
NYLI S&P 500 Index Class A (MSXAX) has a higher volatility of 5.35% compared to MainStay Balanced Fund (MBAIX) at 2.35%. This indicates that MSXAX'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
| MSXAX | MBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 2.35% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 5.22% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 9.49% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 9.41% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 10.60% | +7.46% |