MSXAX vs. MGDIX
Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and MainStay Growth Allocation Fund (MGDIX).
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. MGDIX is managed by New York Life. It was launched on Apr 3, 2005.
Performance
MSXAX vs. MGDIX - Performance Comparison
Loading graphics...
MSXAX vs. MGDIX - 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% |
MGDIX MainStay Growth Allocation Fund | -3.96% | 12.70% | 9.98% | 14.52% | -14.25% | 16.64% | 13.78% | 21.36% | -11.50% | 15.15% |
Returns By Period
In the year-to-date period, MSXAX achieves a -4.45% return, which is significantly lower than MGDIX's -3.96% return. Over the past 10 years, MSXAX has outperformed MGDIX with an annualized return of 13.51%, while MGDIX has yielded a comparatively lower 7.46% 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%
MGDIX
- 1D
- -0.19%
- 1M
- -7.57%
- YTD
- -3.96%
- 6M
- -1.49%
- 1Y
- 10.99%
- 3Y*
- 9.43%
- 5Y*
- 5.37%
- 10Y*
- 7.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MSXAX vs. MGDIX - Expense Ratio Comparison
MSXAX has a 0.52% expense ratio, which is higher than MGDIX's 0.10% expense ratio.
Return for Risk
MSXAX vs. MGDIX — Risk / Return Rank
MSXAX
MGDIX
MSXAX vs. MGDIX - 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 Growth Allocation Fund (MGDIX). 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 | MGDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.83 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.23 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.91 | +0.37 |
Martin ratioReturn relative to average drawdown | 6.10 | 4.29 | +1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MSXAX | MGDIX | 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 | 0.41 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.53 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.45 | +0.07 |
Correlation
The correlation between MSXAX and MGDIX is 0.95, 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. MGDIX - Dividend Comparison
MSXAX's dividend yield for the trailing twelve months is around 1.11%, less than MGDIX's 5.32% 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% |
MGDIX MainStay Growth Allocation Fund | 5.32% | 5.11% | 8.27% | 0.14% | 7.62% | 11.17% | 5.44% | 4.58% | 11.08% | 2.83% | 2.25% | 5.77% |
Drawdowns
MSXAX vs. MGDIX - Drawdown Comparison
The maximum MSXAX drawdown since its inception was -55.48%, which is greater than MGDIX's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for MSXAX and MGDIX.
Loading graphics...
Drawdown Indicators
| MSXAX | MGDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -46.05% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -9.89% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -22.24% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -30.13% | -3.66% |
Current DrawdownCurrent decline from peak | -6.31% | -7.84% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -6.27% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.17% | +0.37% |
Volatility
MSXAX vs. MGDIX - Volatility Comparison
NYLI S&P 500 Index Class A (MSXAX) has a higher volatility of 5.35% compared to MainStay Growth Allocation Fund (MGDIX) at 4.03%. This indicates that MSXAX's price experiences larger fluctuations and is considered to be riskier than MGDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MSXAX | MGDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.03% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 7.45% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 13.33% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 13.14% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 14.07% | +3.99% |