MTMIX vs. NLSIX
Compare and contrast key facts about MainStay MacKay Total Return Bond Fund (MTMIX) and Neuberger Berman Long Short Fund (NLSIX).
MTMIX is managed by New York Life. It was launched on Jan 2, 1991. NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011.
Performance
MTMIX vs. NLSIX - Performance Comparison
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MTMIX vs. NLSIX - 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% |
NLSIX Neuberger Berman Long Short Fund | -3.63% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 13.39% |
Returns By Period
In the year-to-date period, MTMIX achieves a -0.01% return, which is significantly higher than NLSIX's -3.63% return. Over the past 10 years, MTMIX has underperformed NLSIX with an annualized return of 2.59%, while NLSIX has yielded a comparatively higher 6.37% 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%
NLSIX
- 1D
- 0.00%
- 1M
- -2.86%
- YTD
- -3.63%
- 6M
- -3.20%
- 1Y
- 3.47%
- 3Y*
- 6.40%
- 5Y*
- 4.72%
- 10Y*
- 6.37%
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MTMIX vs. NLSIX - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is lower than NLSIX's 1.28% expense ratio.
Return for Risk
MTMIX vs. NLSIX — Risk / Return Rank
MTMIX
NLSIX
MTMIX vs. NLSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) and Neuberger Berman Long Short Fund (NLSIX). 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 | NLSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.57 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.87 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.63 | +1.21 |
Martin ratioReturn relative to average drawdown | 5.92 | 2.31 | +3.61 |
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 | NLSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.57 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.72 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.88 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.91 | +0.16 |
Correlation
The correlation between MTMIX and NLSIX is 0.02, 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
MTMIX vs. NLSIX - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.48%, more than NLSIX's 0.05% 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% |
NLSIX Neuberger Berman Long Short Fund | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Drawdowns
MTMIX vs. NLSIX - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, which is greater than NLSIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for MTMIX and NLSIX.
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Drawdown Indicators
| MTMIX | NLSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -14.75% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -4.39% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -10.79% | -9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -14.75% | -5.72% |
Current DrawdownCurrent decline from peak | -2.13% | -4.39% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -2.03% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.19% | -0.32% |
Volatility
MTMIX vs. NLSIX - Volatility Comparison
The current volatility for MainStay MacKay Total Return Bond Fund (MTMIX) is 1.54%, while Neuberger Berman Long Short Fund (NLSIX) has a volatility of 1.89%. This indicates that MTMIX experiences smaller price fluctuations and is considered to be less risky than NLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTMIX | NLSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.89% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 3.40% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 6.34% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 6.63% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 7.29% | -2.31% |