MUBFX vs. SWLVX

Last updated Jun 5, 2026

MUBFX (MainStay WMC Value Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, MUBFX returned 9.16%/yr vs 10.33%/yr for SWLVX. Their correlation of 0.94 suggests significant overlap in exposure. MUBFX charges 0.70%/yr vs 0.04%/yr for SWLVX.

Performance

MUBFX vs. SWLVX - Performance Comparison

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

Returns By Period

In the year-to-date period, MUBFX achieves a 7.42% return, which is significantly lower than SWLVX's 14.21% return.

MUBFX

• 1D: -0.35%
• 1M: 0.91%
• YTD: 7.42%
• 6M: 8.28%
• 1Y: 20.75%
• 3Y*: 14.74%
• 5Y*: 9.16%
• 10Y*: 12.90%

SWLVX

• 1D: -0.05%
• 1M: 3.11%
• YTD: 14.21%
• 6M: 14.80%
• 1Y: 28.75%
• 3Y*: 18.55%
• 5Y*: 10.33%
• 10Y*: —

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

MUBFX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUBFX MainStay WMC Value Fund	7.42%	14.74%	10.72%	9.62%	-4.54%	28.60%	13.62%	31.67%	-6.89%	-0.26%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.21%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between MUBFX and SWLVX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.94

The correlation between MUBFX and SWLVX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

Return for Risk

MUBFX vs. SWLVX — Risk / Return Rank

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

MUBFX

MUBFX Risk / Return Rank: 53
MUBFX Sharpe Ratio Rank: 46
MUBFX Sortino Ratio Rank: 46
MUBFX Omega Ratio Rank: 44
MUBFX Calmar Ratio Rank: 68
MUBFX Martin Ratio Rank: 61

SWLVX

SWLVX Risk / Return Rank: 81
SWLVX Sharpe Ratio Rank: 80
SWLVX Sortino Ratio Rank: 77
SWLVX Omega Ratio Rank: 72
SWLVX Calmar Ratio Rank: 86
SWLVX Martin Ratio Rank: 89

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. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Value Fund (MUBFX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	MUBFX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.63	-0.70
Sortino ratio: Return per unit of downside risk	2.75	3.71	-0.97
Omega ratio: Gain probability vs. loss probability	1.35	1.48	-0.13
Calmar ratio: Return relative to maximum drawdown	3.07	4.16	-1.09
Martin ratio: Return relative to average drawdown	11.69	17.49	-5.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUBFX vs. SWLVX - Sharpe Ratio Comparison

The current MUBFX Sharpe Ratio is 1.93, which is comparable to the SWLVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of MUBFX and SWLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MUBFX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.63	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.70	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.57	+0.07

Drawdowns

MUBFX vs. SWLVX - Drawdown Comparison

The maximum MUBFX drawdown since its inception was -53.31%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for MUBFX and SWLVX.

Drawdown Indicators

	MUBFX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.31%	-38.34%	-14.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-6.82%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-15.61%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-15.61%	-19.05%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-39.31%	—	—
Current Drawdown Current decline from peak	-0.35%	-0.05%	-0.30%
Average Drawdown Average peak-to-trough decline	-6.17%	-4.84%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.62%	+0.13%

Volatility

MUBFX vs. SWLVX - Volatility Comparison

The current volatility for MainStay WMC Value Fund (MUBFX) is 2.17%, while Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a volatility of 3.01%. This indicates that MUBFX experiences smaller price fluctuations and is considered to be less risky than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUBFX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	3.01%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	8.15%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	10.80%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	14.86%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	18.55%	-0.65%

MUBFX vs. SWLVX - Expense Ratio Comparison

MUBFX has a 0.70% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

MUBFX vs. SWLVX - Dividend Comparison

MUBFX's dividend yield for the trailing twelve months is around 6.87%, more than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUBFX MainStay WMC Value Fund	6.87%	7.38%	5.24%	4.49%	5.82%	81.14%	3.79%	8.43%	11.90%	11.15%	2.53%	19.99%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.77%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUBFX and SWLVX in my portfolio?

With a correlation of 0.90, MUBFX and SWLVX 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.

Which is riskier, MUBFX or SWLVX?

SWLVX has higher volatility (3.01%) compared to MUBFX (2.17%). In terms of maximum drawdown, MUBFX dropped -53.31% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.63 vs 1.93), 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.