MSXAX vs. MGXIX
Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and MainStay Equity Allocation Fund (MGXIX).
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. MGXIX is managed by New York Life. It was launched on Apr 3, 2005.
Performance
MSXAX vs. MGXIX - Performance Comparison
Loading graphics...
MSXAX vs. MGXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSXAX NYLI S&P 500 Index Class A | -7.16% | 17.26% | 23.98% | 25.96% | -18.52% | 28.13% | 17.86% | 30.69% | -4.71% | 21.07% |
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, MSXAX achieves a -7.16% return, which is significantly lower than MGXIX's -5.05% return. Over the past 10 years, MSXAX has outperformed MGXIX with an annualized return of 13.18%, while MGXIX has yielded a comparatively lower 8.62% annualized return.
MSXAX
- 1D
- -0.40%
- 1M
- -7.71%
- YTD
- -7.16%
- 6M
- -4.84%
- 1Y
- 13.86%
- 3Y*
- 16.56%
- 5Y*
- 10.85%
- 10Y*
- 13.18%
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%
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. MGXIX - Expense Ratio Comparison
MSXAX has a 0.52% expense ratio, which is higher than MGXIX's 0.12% expense ratio.
Return for Risk
MSXAX vs. MGXIX — Risk / Return Rank
MSXAX
MGXIX
MSXAX vs. MGXIX - 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 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.
| MSXAX | MGXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.75 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.15 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.82 | +0.14 |
Martin ratioReturn relative to average drawdown | 4.60 | 3.83 | +0.77 |
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 | MGXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.75 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.38 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.51 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.39 | +0.12 |
Correlation
The correlation between MSXAX and MGXIX 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.
Dividends
MSXAX vs. MGXIX - Dividend Comparison
MSXAX's dividend yield for the trailing twelve months is around 1.14%, less than MGXIX's 6.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSXAX NYLI S&P 500 Index Class A | 1.14% | 1.06% | 5.20% | 4.04% | 10.30% | 4.44% | 8.78% | 17.42% | 14.49% | 15.18% | 9.63% | 5.53% |
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
MSXAX vs. MGXIX - Drawdown Comparison
The maximum MSXAX drawdown since its inception was -55.48%, roughly equal to the maximum MGXIX drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for MSXAX and MGXIX.
Loading graphics...
Drawdown Indicators
| MSXAX | MGXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -53.45% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -11.67% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -25.63% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -34.63% | +0.84% |
Current DrawdownCurrent decline from peak | -8.97% | -9.33% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -8.48% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.59% | -0.01% |
Volatility
MSXAX vs. MGXIX - Volatility Comparison
The current volatility for NYLI S&P 500 Index Class A (MSXAX) is 4.24%, while MainStay Equity Allocation Fund (MGXIX) has a volatility of 4.78%. This indicates that MSXAX 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.
Loading graphics...
Volatility by Period
| MSXAX | MGXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.78% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 8.95% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 16.08% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 15.62% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 17.07% | +0.96% |