MTMIX vs. MSTIX
Compare and contrast key facts about MainStay MacKay Total Return Bond Fund (MTMIX) and MainStay MacKay Short Term Municipal Fund (MSTIX).
MTMIX is managed by New York Life. It was launched on Jan 2, 1991. MSTIX is managed by New York Life. It was launched on Jan 1, 1991.
Performance
MTMIX vs. MSTIX - Performance Comparison
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MTMIX vs. MSTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.01% | 7.83% | 4.76% | 7.92% | -15.29% | -0.81% | 9.72% | 9.38% | -1.22% | 4.64% |
MSTIX MainStay MacKay Short Term Municipal Fund | -0.03% | 4.69% | 2.41% | 3.70% | -3.33% | 0.43% | 2.55% | 2.53% | 1.81% | 1.29% |
Returns By Period
In the year-to-date period, MTMIX achieves a -0.01% return, which is significantly higher than MSTIX's -0.03% return. Over the past 10 years, MTMIX has outperformed MSTIX with an annualized return of 2.59%, while MSTIX has yielded a comparatively lower 1.56% annualized return.
MTMIX
- 1D
- 0.44%
- 1M
- -2.13%
- YTD
- -0.01%
- 6M
- 1.10%
- 1Y
- 4.44%
- 3Y*
- 5.53%
- 5Y*
- 1.15%
- 10Y*
- 2.59%
MSTIX
- 1D
- 0.00%
- 1M
- -1.38%
- YTD
- -0.03%
- 6M
- 0.59%
- 1Y
- 3.55%
- 3Y*
- 3.14%
- 5Y*
- 1.53%
- 10Y*
- 1.56%
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MTMIX vs. MSTIX - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is higher than MSTIX's 0.40% expense ratio.
Return for Risk
MTMIX vs. MSTIX — Risk / Return Rank
MTMIX
MSTIX
MTMIX vs. MSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) and MainStay MacKay Short Term Municipal Fund (MSTIX). 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 | MSTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.97 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.91 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.67 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.18 | -0.34 |
Martin ratioReturn relative to average drawdown | 5.92 | 8.70 | -2.78 |
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 | MSTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.97 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.85 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.01 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.57 | -0.50 |
Correlation
The correlation between MTMIX and MSTIX is 0.63, 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
MTMIX vs. MSTIX - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.48%, more than MSTIX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.48% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
MSTIX MainStay MacKay Short Term Municipal Fund | 3.07% | 3.38% | 3.14% | 2.85% | 1.38% | 0.85% | 1.37% | 1.76% | 1.48% | 1.28% | 0.87% | 0.82% |
Drawdowns
MTMIX vs. MSTIX - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, which is greater than MSTIX's maximum drawdown of -8.99%. Use the drawdown chart below to compare losses from any high point for MTMIX and MSTIX.
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Drawdown Indicators
| MTMIX | MSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -8.99% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -1.83% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -5.62% | -14.85% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -5.62% | -14.85% |
Current DrawdownCurrent decline from peak | -2.13% | -1.38% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -0.54% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.46% | +0.41% |
Volatility
MTMIX vs. MSTIX - Volatility Comparison
MainStay MacKay Total Return Bond Fund (MTMIX) has a higher volatility of 1.54% compared to MainStay MacKay Short Term Municipal Fund (MSTIX) at 0.50%. This indicates that MTMIX's price experiences larger fluctuations and is considered to be riskier than MSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTMIX | MSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.50% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.99% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 2.09% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 1.80% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 1.55% | +3.43% |