MXFIX vs. EIFAX
Compare and contrast key facts about MainStay Floating Rate Fund (MXFIX) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
MXFIX is managed by New York Life. It was launched on May 2, 2004. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Performance
MXFIX vs. EIFAX - Performance Comparison
Loading graphics...
MXFIX vs. EIFAX - 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% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | -1.88% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 9.02% | 0.28% | 5.16% |
Returns By Period
In the year-to-date period, MXFIX achieves a -1.50% return, which is significantly higher than EIFAX's -1.88% return. Over the past 10 years, MXFIX has underperformed EIFAX with an annualized return of 4.58%, while EIFAX has yielded a comparatively higher 5.15% annualized return.
MXFIX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
EIFAX
- 1D
- 0.11%
- 1M
- -0.32%
- YTD
- -1.88%
- 6M
- -1.19%
- 1Y
- 2.70%
- 3Y*
- 6.43%
- 5Y*
- 4.64%
- 10Y*
- 5.15%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MXFIX vs. EIFAX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is higher than EIFAX's 0.47% expense ratio.
Return for Risk
MXFIX vs. EIFAX — Risk / Return Rank
MXFIX
EIFAX
MXFIX vs. EIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). 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 | EIFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.82 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.20 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.22 | +0.71 |
Martin ratioReturn relative to average drawdown | 6.28 | 3.93 | +2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MXFIX | EIFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.82 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.80 | 1.50 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.16 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 1.17 | +0.04 |
Correlation
The correlation between MXFIX and EIFAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MXFIX vs. EIFAX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 6.82%, less than EIFAX's 7.40% 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% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 7.40% | 8.09% | 8.91% | 7.02% | 5.92% | 4.03% | 4.51% | 5.58% | 5.10% | 4.46% | 5.02% | 5.29% |
Drawdowns
MXFIX vs. EIFAX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum EIFAX drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for MXFIX and EIFAX.
Loading graphics...
Drawdown Indicators
| MXFIX | EIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -40.28% | +15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.45% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -7.63% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -24.22% | +4.13% |
Current DrawdownCurrent decline from peak | -1.61% | -2.18% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -2.28% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.79% | -0.16% |
Volatility
MXFIX vs. EIFAX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.73%, while Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a volatility of 0.85%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MXFIX | EIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.85% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.83% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 3.31% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 3.10% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 4.45% | -0.64% |