MTMIX vs. LMSMX
Compare and contrast key facts about MainStay MacKay Total Return Bond Fund (MTMIX) and Western Asset SMASh Series M Fund (LMSMX).
MTMIX is managed by New York Life. It was launched on Jan 2, 1991. LMSMX is managed by Legg Mason. It was launched on Dec 27, 2006.
Performance
MTMIX vs. LMSMX - Performance Comparison
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MTMIX vs. LMSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.12% | 7.83% | 4.76% | 7.92% | -15.29% | -0.81% | 9.72% | 9.38% | -1.22% | 4.29% |
LMSMX Western Asset SMASh Series M Fund | 0.68% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
Returns By Period
In the year-to-date period, MTMIX achieves a -0.12% return, which is significantly lower than LMSMX's 0.68% return.
MTMIX
- 1D
- 0.11%
- 1M
- -1.82%
- YTD
- -0.12%
- 6M
- 0.56%
- 1Y
- 4.10%
- 3Y*
- 5.49%
- 5Y*
- 1.03%
- 10Y*
- 2.58%
LMSMX
- 1D
- 0.13%
- 1M
- -1.03%
- YTD
- 0.68%
- 6M
- 2.13%
- 1Y
- 7.50%
- 3Y*
- 3.91%
- 5Y*
- -1.83%
- 10Y*
- —
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MTMIX vs. LMSMX - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is higher than LMSMX's 0.00% expense ratio.
Return for Risk
MTMIX vs. LMSMX — Risk / Return Rank
MTMIX
LMSMX
MTMIX vs. LMSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) and Western Asset SMASh Series M Fund (LMSMX). 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.
| MTMIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.05 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.56 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.61 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.13 | 5.39 | -0.26 |
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
| MTMIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.05 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.18 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.17 | +0.90 |
Correlation
The correlation between MTMIX and LMSMX is 0.86, 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
MTMIX vs. LMSMX - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.49%, more than LMSMX's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.49% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
LMSMX Western Asset SMASh Series M Fund | 4.37% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% | 0.00% |
Drawdowns
MTMIX vs. LMSMX - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, smaller than the maximum LMSMX drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for MTMIX and LMSMX.
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Drawdown Indicators
| MTMIX | LMSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -30.76% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -4.83% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -30.18% | +9.71% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -12.91% | +10.67% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -10.07% | +7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.44% | -0.55% |
Volatility
MTMIX vs. LMSMX - Volatility Comparison
MainStay MacKay Total Return Bond Fund (MTMIX) and Western Asset SMASh Series M Fund (LMSMX) have volatilities of 1.51% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTMIX | LMSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.53% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.47% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 6.95% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 10.38% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 8.22% | -3.24% |