MTMIX vs. TNUIX
MTMIX (MainStay MacKay Total Return Bond Fund) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, MTMIX returned 2.48%/yr vs 2.92%/yr for TNUIX. A 0.61 correlation means they provide meaningful diversification when combined. MTMIX charges 0.45%/yr vs 0.50%/yr for TNUIX.
Performance
MTMIX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, MTMIX achieves a 0.70% return, which is significantly lower than TNUIX's 2.68% return. Over the past 10 years, MTMIX has underperformed TNUIX with an annualized return of 2.48%, while TNUIX has yielded a comparatively higher 2.92% annualized return.
MTMIX
- 1D
- -0.22%
- 1M
- 0.64%
- YTD
- 0.70%
- 6M
- 0.81%
- 1Y
- 4.53%
- 3Y*
- 5.98%
- 5Y*
- 0.86%
- 10Y*
- 2.48%
TNUIX
- 1D
- -0.35%
- 1M
- 1.95%
- YTD
- 2.68%
- 6M
- 2.80%
- 1Y
- 6.50%
- 3Y*
- 3.78%
- 5Y*
- -1.11%
- 10Y*
- 2.92%
MTMIX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 0.70% | 7.83% | 4.76% | 7.92% | -15.29% | -0.81% | 9.72% | 9.38% | -1.22% | 4.64% |
TNUIX 1290 Diversified Bond Fund | 2.68% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.47% |
Correlation
The correlation between MTMIX and TNUIX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.61 |
The correlation between MTMIX and TNUIX shifts across timeframes, from 0.57 (1 year) to 0.81 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MTMIX vs. TNUIX — Risk / Return Rank
MTMIX
TNUIX
MTMIX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) and 1290 Diversified Bond Fund (TNUIX). 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 | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.46 | -0.68 |
| Martin ratioReturn relative to average drawdown | 5.00 | 6.32 | -1.31 |
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Drawdowns
MTMIX vs. TNUIX - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for MTMIX and TNUIX.
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Drawdown Indicators
| MTMIX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -26.30% | +5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.71% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -14.40% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -26.17% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | -26.30% | +5.83% |
Current DrawdownCurrent decline from peak | -1.43% | -6.09% | +4.66% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -6.29% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.05% | -0.10% |
Volatility
MTMIX vs. TNUIX - Volatility Comparison
The current volatility for MainStay MacKay Total Return Bond Fund (MTMIX) is 1.03%, while 1290 Diversified Bond Fund (TNUIX) has a volatility of 1.36%. This indicates that MTMIX experiences smaller price fluctuations and is considered to be less risky than TNUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTMIX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.36% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 4.12% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 5.86% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 9.50% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 7.74% | -2.73% |
MTMIX vs. TNUIX - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Dividends
MTMIX vs. TNUIX - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.92%, more than TNUIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.92% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
TNUIX 1290 Diversified Bond Fund | 3.28% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% | 0.00% |
Frequently Asked Questions
MTMIX and TNUIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNUIX has higher volatility (1.36%) compared to MTMIX (1.03%). In terms of maximum drawdown, MTMIX dropped -20.47% vs TNUIX's -26.30%.
MTMIX currently has the higher Sharpe Ratio (1.26 vs 1.14), 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.
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