MSXAX vs. MXFIX
Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and MainStay Floating Rate Fund (MXFIX).
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. MXFIX is managed by New York Life. It was launched on May 2, 2004.
Performance
MSXAX vs. MXFIX - Performance Comparison
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MSXAX vs. MXFIX - 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% |
MXFIX MainStay Floating Rate Fund | -1.50% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Returns By Period
In the year-to-date period, MSXAX achieves a -7.16% return, which is significantly lower than MXFIX's -1.50% return. Over the past 10 years, MSXAX has outperformed MXFIX with an annualized return of 13.18%, while MXFIX has yielded a comparatively lower 4.58% 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%
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
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MSXAX vs. MXFIX - Expense Ratio Comparison
MSXAX has a 0.52% expense ratio, which is lower than MXFIX's 0.74% expense ratio.
Return for Risk
MSXAX vs. MXFIX — Risk / Return Rank
MSXAX
MXFIX
MSXAX vs. MXFIX - 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 Floating Rate Fund (MXFIX). 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 | MXFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.39 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.26 | 2.21 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.42 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.87 | -0.92 |
Martin ratioReturn relative to average drawdown | 4.60 | 6.17 | -1.57 |
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 | MXFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.39 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.80 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 1.21 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.21 | -0.70 |
Correlation
The correlation between MSXAX and MXFIX is 0.14, 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
MSXAX vs. MXFIX - Dividend Comparison
MSXAX's dividend yield for the trailing twelve months is around 1.14%, less than MXFIX's 6.82% 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% |
MXFIX MainStay Floating Rate Fund | 6.82% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Drawdowns
MSXAX vs. MXFIX - Drawdown Comparison
The maximum MSXAX drawdown since its inception was -55.48%, which is greater than MXFIX's maximum drawdown of -25.01%. Use the drawdown chart below to compare losses from any high point for MSXAX and MXFIX.
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Drawdown Indicators
| MSXAX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -25.01% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -2.06% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -6.34% | -18.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -20.09% | -13.70% |
Current DrawdownCurrent decline from peak | -8.97% | -1.61% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -1.22% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 0.62% | +1.96% |
Volatility
MSXAX vs. MXFIX - Volatility Comparison
NYLI S&P 500 Index Class A (MSXAX) has a higher volatility of 4.24% compared to MainStay Floating Rate Fund (MXFIX) at 0.82%. This indicates that MSXAX's price experiences larger fluctuations and is considered to be riskier than MXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSXAX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 0.82% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 1.83% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 2.89% | +15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 2.66% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 3.81% | +14.22% |