MTMIX vs. SCHZ
Compare and contrast key facts about MainStay MacKay Total Return Bond Fund (MTMIX) and Schwab U.S. Aggregate Bond ETF (SCHZ).
MTMIX is managed by New York Life. It was launched on Jan 2, 1991. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
MTMIX vs. SCHZ - Performance Comparison
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MTMIX vs. SCHZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.01% | 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 | 0.05% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
Returns By Period
In the year-to-date period, MTMIX achieves a -0.01% return, which is significantly lower than SCHZ's 0.05% return. Over the past 10 years, MTMIX has outperformed SCHZ with an annualized return of 2.59%, while SCHZ has yielded a comparatively lower 1.61% 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%
SCHZ
- 1D
- 0.26%
- 1M
- -1.75%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.41%
- 3Y*
- 3.57%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
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MTMIX vs. SCHZ - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
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.
| MTMIX | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.03 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.47 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.81 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.92 | 5.21 | +0.71 |
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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.03 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.03 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.30 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.44 | +0.63 |
Correlation
The correlation between MTMIX and SCHZ is 0.85, 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. SCHZ - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.48%, more than SCHZ's 4.07% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.07% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
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.
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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 | -2.81% | -2.51% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -18.01% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -18.74% | -1.73% |
Current DrawdownCurrent decline from peak | -2.13% | -2.71% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.70% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.87% | 0.00% |
Volatility
MTMIX vs. SCHZ - Volatility Comparison
The current volatility for MainStay MacKay Total Return Bond Fund (MTMIX) is 1.54%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.66%. This indicates that MTMIX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTMIX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.66% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.49% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.29% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 6.07% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 5.40% | -0.42% |