MUBFX vs. MSTIX
MUBFX (MainStay WMC Value Fund) and MSTIX (MainStay MacKay Short Term Municipal Fund) are both mutual funds - MUBFX is a Large Cap Value Equities fund managed by New York Life, while MSTIX is a Municipal Bonds fund managed by New York Life. Over the past 10 years, MUBFX returned 13.21%/yr vs 1.58%/yr for MSTIX. Their -0.07 correlation means they have often moved in opposite directions in the past. MUBFX charges 0.70%/yr vs 0.40%/yr for MSTIX.
Performance
MUBFX vs. MSTIX - Performance Comparison
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Returns By Period
In the year-to-date period, MUBFX achieves a 12.68% return, which is significantly higher than MSTIX's 0.71% return. Over the past 10 years, MUBFX has outperformed MSTIX with an annualized return of 13.21%, while MSTIX has yielded a comparatively lower 1.58% annualized return.
MUBFX
- 1D
- 0.34%
- 1M
- 2.41%
- 6M
- 9.18%
- YTD
- 12.68%
- 1Y
- 24.41%
- 3Y*
- 13.65%
- 5Y*
- 10.30%
- 10Y*
- 13.21%
- ALL TIME*
- 11.25%
MSTIX
- 1D
- 0.00%
- 1M
- -0.64%
- 6M
- 0.02%
- YTD
- 0.71%
- 1Y
- 2.35%
- 3Y*
- 3.34%
- 5Y*
- 1.51%
- 10Y*
- 1.58%
- ALL TIME*
- 4.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MUBFX vs. MSTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUBFX MainStay WMC Value Fund | 12.68% | 14.74% | 10.72% | 9.62% | -4.54% | 28.60% | 13.62% | 31.67% | -6.89% | 22.71% |
MSTIX MainStay MacKay Short Term Municipal Fund | 0.71% | 4.69% | 2.41% | 3.70% | -3.33% | 0.43% | 2.55% | 2.53% | 1.81% | 1.29% |
Correlation
The correlation between MUBFX and MSTIX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1990 | -0.07 |
The correlation between MUBFX and MSTIX shifts across timeframes, from -0.07 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MUBFX vs. MSTIX — Risk / Return Rank
MUBFX
MSTIX
MUBFX vs. MSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Value Fund (MUBFX) and MainStay MacKay Short Term Municipal Fund (MSTIX). 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 | MSTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.88 | +1.60 |
| Martin ratioReturn relative to average drawdown | 13.46 | 6.01 | +7.45 |
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Drawdowns
MUBFX vs. MSTIX - Drawdown Comparison
The maximum MUBFX drawdown since its inception was -53.31%, which is greater than MSTIX's maximum drawdown of -8.99%. Use the drawdown chart below to compare losses from any high point for MUBFX and MSTIX.
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Drawdown Indicators
| MUBFX | MSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -8.99% | -44.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -1.38% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -1.83% | -12.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.61% | -5.62% | -9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.31% | -5.62% | -33.69% |
Current DrawdownCurrent decline from peak | -0.16% | -0.65% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.54% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 0.43% | +1.30% |
Volatility
MUBFX vs. MSTIX - Volatility Comparison
MainStay WMC Value Fund (MUBFX) has a higher volatility of 2.78% compared to MainStay MacKay Short Term Municipal Fund (MSTIX) at 0.39%. This indicates that MUBFX's price experiences larger fluctuations and is considered to be riskier than MSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUBFX | MSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 0.39% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 1.23% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 1.54% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 1.84% | +12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 1.58% | +16.22% |
MUBFX vs. MSTIX - Expense Ratio Comparison
MUBFX has a 0.70% expense ratio, which is higher than MSTIX's 0.40% expense ratio.
Dividends
MUBFX vs. MSTIX - Dividend Comparison
MUBFX's dividend yield for the trailing twelve months is around 6.55%, more than MSTIX's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTIX MainStay MacKay Short Term Municipal Fund | 2.99% | 3.38% | 3.14% | 2.85% | 1.38% | 0.85% | 1.37% | 1.76% | 1.48% | 1.28% | 0.87% | 0.82% |
MUBFX MainStay WMC Value Fund | 6.55% | 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
MUBFX and MSTIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUBFX has higher volatility (2.78%) compared to MSTIX (0.39%). In terms of maximum drawdown, MUBFX dropped -53.31% vs MSTIX's -8.99%.
MUBFX currently has the higher Sharpe Ratio (2.18 vs 1.71), 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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