MTFEX vs. NRK
Compare and contrast key facts about MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) and Nuveen New York AMT Free Quality Municipal Income (NRK).
MTFEX is managed by MainStay. It was launched on Jun 27, 2019. NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002.
Performance
MTFEX vs. NRK - Performance Comparison
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MTFEX vs. NRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTFEX MainStay MacKay Strategic Municipal Allocation Fund | -0.52% | 4.65% | 2.02% | 5.14% | -7.11% | 2.07% | 4.32% | 2.87% |
NRK Nuveen New York AMT Free Quality Municipal Income | 3.25% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 5.78% |
Returns By Period
In the year-to-date period, MTFEX achieves a -0.52% return, which is significantly lower than NRK's 3.25% return.
MTFEX
- 1D
- 0.11%
- 1M
- -2.68%
- YTD
- -0.52%
- 6M
- 1.07%
- 1Y
- 4.13%
- 3Y*
- 3.06%
- 5Y*
- 1.09%
- 10Y*
- —
NRK
- 1D
- 2.10%
- 1M
- -2.11%
- YTD
- 3.25%
- 6M
- 4.24%
- 1Y
- 7.68%
- 3Y*
- 5.63%
- 5Y*
- -0.13%
- 10Y*
- 2.44%
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MTFEX vs. NRK - Expense Ratio Comparison
MTFEX has a 0.97% expense ratio, which is lower than NRK's 2.16% expense ratio.
Return for Risk
MTFEX vs. NRK — Risk / Return Rank
MTFEX
NRK
MTFEX vs. NRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) and Nuveen New York AMT Free Quality Municipal Income (NRK). 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.
| MTFEX | NRK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.91 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.42 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.16 | +0.03 |
Martin ratioReturn relative to average drawdown | 4.38 | 2.63 | +1.75 |
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
| MTFEX | NRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.91 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.01 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.29 | +0.20 |
Correlation
The correlation between MTFEX and NRK is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MTFEX vs. NRK - Dividend Comparison
MTFEX's dividend yield for the trailing twelve months is around 3.08%, less than NRK's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTFEX MainStay MacKay Strategic Municipal Allocation Fund | 3.08% | 3.33% | 3.48% | 2.74% | 2.30% | 2.36% | 1.74% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
NRK Nuveen New York AMT Free Quality Municipal Income | 8.11% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Drawdowns
MTFEX vs. NRK - Drawdown Comparison
The maximum MTFEX drawdown since its inception was -11.88%, smaller than the maximum NRK drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for MTFEX and NRK.
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Drawdown Indicators
| MTFEX | NRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.88% | -40.18% | +28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -7.55% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -11.88% | -31.06% | +19.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.06% | — |
Current DrawdownCurrent decline from peak | -2.68% | -6.83% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -8.22% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.33% | -2.29% |
Volatility
MTFEX vs. NRK - Volatility Comparison
The current volatility for MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) is 0.93%, while Nuveen New York AMT Free Quality Municipal Income (NRK) has a volatility of 3.46%. This indicates that MTFEX experiences smaller price fluctuations and is considered to be less risky than NRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTFEX | NRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 3.46% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 5.54% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 8.54% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 9.75% | -6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 10.28% | -6.34% |