MTMIX vs. SCHZ
MTMIX (MainStay MacKay Total Return Bond Fund) and SCHZ (Schwab U.S. Aggregate Bond ETF) are both funds - MTMIX is a Intermediate Core-Plus Bond fund managed by New York Life, while SCHZ is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Over the past 10 years, MTMIX returned 2.21%/yr vs 1.33%/yr for SCHZ. Their correlation of 0.85 means they have usually moved in the same direction. MTMIX charges 0.45%/yr vs 0.03%/yr for SCHZ.
Performance
MTMIX vs. SCHZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTMIX achieves a -0.52% return, which is significantly lower than SCHZ's -0.32% return. Over the past 10 years, MTMIX has outperformed SCHZ with an annualized return of 2.21%, while SCHZ has yielded a comparatively lower 1.33% annualized return.
MTMIX
- 1D
- -0.66%
- 1M
- -1.53%
- 6M
- -0.79%
- YTD
- -0.52%
- 1Y
- 1.86%
- 3Y*
- 5.68%
- 5Y*
- 0.34%
- 10Y*
- 2.21%
- ALL TIME*
- 5.23%
SCHZ
- 1D
- 0.26%
- 1M
- -1.01%
- 6M
- -0.39%
- YTD
- -0.32%
- 1Y
- 2.04%
- 3Y*
- 4.03%
- 5Y*
- -0.44%
- 10Y*
- 1.33%
- ALL TIME*
- 2.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $41.53M | $40.30M | $44.25M |
MTMIX vs. SCHZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.52% | 7.83% | 4.76% | 7.92% | -15.29% | -0.81% | 9.72% | 9.38% | -1.22% | 4.64% |
SCHZ Schwab U.S. Aggregate Bond ETF | -0.32% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
Correlation
The correlation between MTMIX and SCHZ is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2011 | 0.85 |
The correlation between MTMIX and SCHZ shifts across timeframes, from 0.85 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MTMIX vs. SCHZ — Risk / Return Rank
MTMIX
SCHZ
MTMIX vs. SCHZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MTMIX | SCHZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.76 | +0.27 |
| Martin ratioReturn relative to average drawdown | 2.59 | 1.90 | +0.69 |
Loading charts...
Drawdowns
MTMIX vs. SCHZ - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for MTMIX and SCHZ.
Loading charts...
Drawdown Indicators
| MTMIX | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -18.74% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.70% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -5.05% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -17.89% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -18.74% | -1.73% |
Current DrawdownCurrent decline from peak | -2.62% | -3.07% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.67% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.07% | 0.00% |
Volatility
MTMIX vs. SCHZ - Volatility Comparison
MainStay MacKay Total Return Bond Fund (MTMIX) and Schwab U.S. Aggregate Bond ETF (SCHZ) have volatilities of 1.07% and 1.02%, 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.
Loading charts...
Volatility by Period
| MTMIX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.02% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.94% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.62% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.09% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 5.43% | -0.42% |
MTMIX vs. SCHZ - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Dividends
MTMIX vs. SCHZ - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.61%, more than SCHZ's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.61% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.21% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Frequently Asked Questions
With a correlation of 0.94, MTMIX and SCHZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MTMIX has higher volatility (1.07%) compared to SCHZ (1.02%). In terms of maximum drawdown, MTMIX dropped -20.47% vs SCHZ's -18.74%.
MTMIX currently has the higher Sharpe Ratio (0.74 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MTMIX and SCHZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer