MXFIX vs. DFLYX
Compare and contrast key facts about MainStay Floating Rate Fund (MXFIX) and BNY Mellon Floating Rate Income Fund (DFLYX).
MXFIX is managed by New York Life. It was launched on May 2, 2004. DFLYX is managed by Dreyfus. It was launched on Sep 26, 2013.
Performance
MXFIX vs. DFLYX - Performance Comparison
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MXFIX vs. DFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | -1.50% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
DFLYX BNY Mellon Floating Rate Income Fund | -0.51% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
Returns By Period
In the year-to-date period, MXFIX achieves a -1.50% return, which is significantly lower than DFLYX's -0.51% return. Over the past 10 years, MXFIX has underperformed DFLYX with an annualized return of 4.58%, while DFLYX has yielded a comparatively higher 4.94% annualized return.
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
DFLYX
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- -0.51%
- 6M
- 0.19%
- 1Y
- 4.33%
- 3Y*
- 7.97%
- 5Y*
- 5.76%
- 10Y*
- 4.94%
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MXFIX vs. DFLYX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is higher than DFLYX's 0.73% expense ratio.
Return for Risk
MXFIX vs. DFLYX — Risk / Return Rank
MXFIX
DFLYX
MXFIX vs. DFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and BNY Mellon Floating Rate Income Fund (DFLYX). 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.
| MXFIX | DFLYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 2.10 | -0.71 |
Sortino ratioReturn per unit of downside risk | 2.21 | 3.11 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.56 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.14 | -0.26 |
Martin ratioReturn relative to average drawdown | 6.17 | 7.82 | -1.65 |
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
| MXFIX | DFLYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.10 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.80 | 3.03 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.63 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 1.48 | -0.26 |
Correlation
The correlation between MXFIX and DFLYX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MXFIX vs. DFLYX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 6.82%, less than DFLYX's 8.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 6.82% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
DFLYX BNY Mellon Floating Rate Income Fund | 8.17% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
Drawdowns
MXFIX vs. DFLYX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, which is greater than DFLYX's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for MXFIX and DFLYX.
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Drawdown Indicators
| MXFIX | DFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -18.83% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -1.73% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -6.28% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -18.83% | -1.26% |
Current DrawdownCurrent decline from peak | -1.61% | -1.06% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -0.80% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.53% | +0.09% |
Volatility
MXFIX vs. DFLYX - Volatility Comparison
MainStay Floating Rate Fund (MXFIX) has a higher volatility of 0.82% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.63%. This indicates that MXFIX's price experiences larger fluctuations and is considered to be riskier than DFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | DFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.63% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.06% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 1.99% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 1.91% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 3.05% | +0.76% |