MUBFX vs. AVLVX

Last updated Jun 26, 2026

MUBFX (MainStay WMC Value Fund) and AVLVX (Avantis U.S. Large Cap Value Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 3 years, MUBFX returned 14.70%/yr vs 23.13%/yr for AVLVX. Their correlation of 0.90 suggests significant overlap in exposure. MUBFX charges 0.70%/yr vs 0.15%/yr for AVLVX.

Performance

MUBFX vs. AVLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay WMC Value Fund (MUBFX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUBFX achieves a 7.27% return, which is significantly lower than AVLVX's 22.00% return.

MUBFX

• 1D: -0.25%
• 1M: -0.44%
• YTD: 7.27%
• 6M: 6.08%
• 1Y: 18.97%
• 3Y*: 14.70%
• 5Y*: 9.42%
• 10Y*: 13.39%

AVLVX

• 1D: 0.05%
• 1M: 1.26%
• YTD: 22.00%
• 6M: 20.32%
• 1Y: 39.69%
• 3Y*: 23.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUBFX vs. AVLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MUBFX MainStay WMC Value Fund	7.27%	14.74%	10.72%	9.62%	9.65%
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	22.00%	15.23%	16.93%	16.75%	8.38%

Correlation

The correlation between MUBFX and AVLVX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.90

The correlation between MUBFX and AVLVX has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

Return for Risk

MUBFX vs. AVLVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUBFX

MUBFX Risk / Return Rank: 59
MUBFX Sharpe Ratio Rank: 52
MUBFX Sortino Ratio Rank: 54
MUBFX Omega Ratio Rank: 49
MUBFX Calmar Ratio Rank: 72
MUBFX Martin Ratio Rank: 65

AVLVX

AVLVX Risk / Return Rank: 95
AVLVX Sharpe Ratio Rank: 96
AVLVX Sortino Ratio Rank: 93
AVLVX Omega Ratio Rank: 88
AVLVX Calmar Ratio Rank: 97
AVLVX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MUBFX vs. AVLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Value Fund (MUBFX) and Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX). 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.

	MUBFX	AVLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	3.06	-1.33
Sortino ratio: Return per unit of downside risk	2.48	4.21	-1.73
Omega ratio: Gain probability vs. loss probability	1.31	1.55	-0.24
Calmar ratio: Return relative to maximum drawdown	2.79	6.49	-3.70
Martin ratio: Return relative to average drawdown	10.56	25.69	-15.13

MUBFX vs. AVLVX - Sharpe Ratio Comparison

The current MUBFX Sharpe Ratio is 1.73, which is lower than the AVLVX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of MUBFX and AVLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MUBFX vs. AVLVX - Drawdown Comparison

The maximum MUBFX drawdown since its inception was -53.31%, which is greater than AVLVX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for MUBFX and AVLVX.

Drawdown Indicators

	MUBFX	AVLVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.31%	-19.51%	-33.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-6.01%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-19.51%	+5.32%
Max Drawdown (5Y) Largest decline over 5 years	-15.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.31%	—	—
Current Drawdown Current decline from peak	-1.83%	-1.23%	-0.60%
Average Drawdown Average peak-to-trough decline	-6.16%	-3.16%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.52%	+0.24%

Volatility

MUBFX vs. AVLVX - Volatility Comparison

The current volatility for MainStay WMC Value Fund (MUBFX) is 2.82%, while Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) has a volatility of 4.24%. This indicates that MUBFX experiences smaller price fluctuations and is considered to be less risky than AVLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUBFX	AVLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	4.24%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	9.49%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	12.73%	-1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	16.53%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	16.53%	+1.32%

MUBFX vs. AVLVX - Expense Ratio Comparison

MUBFX has a 0.70% expense ratio, which is higher than AVLVX's 0.15% expense ratio.

Dividends

MUBFX vs. AVLVX - Dividend Comparison

MUBFX's dividend yield for the trailing twelve months is around 6.88%, more than AVLVX's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLVX Avantis U.S. Large Cap Value Fund Institutional Class	2.72%	3.32%	1.61%	1.59%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUBFX MainStay WMC Value Fund	6.88%	7.38%	5.24%	4.49%	5.82%	81.14%	3.79%	8.43%	11.90%	11.15%	2.53%	19.99%

Frequently Asked Questions

Can I hold both MUBFX and AVLVX in my portfolio?

MUBFX and AVLVX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MUBFX or AVLVX?

AVLVX has higher volatility (4.24%) compared to MUBFX (2.82%). In terms of maximum drawdown, MUBFX dropped -53.31% vs AVLVX's -19.51%.

Which has better risk-adjusted returns?

AVLVX currently has the higher Sharpe Ratio (3.06 vs 1.73), 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.