MXFIX vs. EPSYX
MXFIX (MainStay Floating Rate Fund) and EPSYX (MainStay Epoch Global Equity Yield Fund) are both mutual funds - MXFIX is a Bank Loan fund managed by New York Life, while EPSYX is a Global Equities fund managed by New York Life. Over the past 10 years, MXFIX returned 4.65%/yr vs 10.69%/yr for EPSYX. At a 0.18 correlation, their price movements are largely independent. MXFIX charges 0.74%/yr vs 0.84%/yr for EPSYX.
Performance
MXFIX vs. EPSYX - Performance Comparison
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Returns By Period
In the year-to-date period, MXFIX achieves a 0.75% return, which is significantly lower than EPSYX's 18.65% return. Over the past 10 years, MXFIX has underperformed EPSYX with an annualized return of 4.65%, while EPSYX has yielded a comparatively higher 10.69% annualized return.
MXFIX
- 1D
- -0.12%
- 1M
- 0.31%
- YTD
- 0.75%
- 6M
- 1.59%
- 1Y
- 4.41%
- 3Y*
- 6.78%
- 5Y*
- 5.04%
- 10Y*
- 4.65%
EPSYX
- 1D
- 0.17%
- 1M
- 2.14%
- YTD
- 18.65%
- 6M
- 18.17%
- 1Y
- 31.88%
- 3Y*
- 21.58%
- 5Y*
- 13.27%
- 10Y*
- 10.69%
MXFIX vs. EPSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 0.75% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
EPSYX MainStay Epoch Global Equity Yield Fund | 18.65% | 22.09% | 15.38% | 12.50% | -5.37% | 17.40% | -1.38% | 23.19% | -9.23% | 16.31% |
Correlation
The correlation between MXFIX and EPSYX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2005 | 0.18 |
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Return for Risk
MXFIX vs. EPSYX — Risk / Return Rank
MXFIX
EPSYX
MXFIX vs. EPSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and MainStay Epoch Global Equity Yield Fund (EPSYX). 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.
| MXFIX | EPSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.56 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.59 | -2.02 |
| Martin ratioReturn relative to average drawdown | 8.15 | 17.98 | -9.83 |
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Drawdowns
MXFIX vs. EPSYX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum EPSYX drawdown of -48.92%. Use the drawdown chart below to compare losses from any high point for MXFIX and EPSYX.
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Drawdown Indicators
| MXFIX | EPSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -48.92% | +23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -7.22% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -12.95% | +10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -18.92% | +12.58% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -36.35% | +16.26% |
Current DrawdownCurrent decline from peak | -0.23% | -0.95% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -6.89% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.84% | -1.30% |
Volatility
MXFIX vs. EPSYX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.62%, while MainStay Epoch Global Equity Yield Fund (EPSYX) has a volatility of 3.87%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than EPSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | EPSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 3.87% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 8.35% | -6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 10.63% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 13.10% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 14.89% | -11.07% |
MXFIX vs. EPSYX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is lower than EPSYX's 0.84% expense ratio.
Dividends
MXFIX vs. EPSYX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 7.19%, more than EPSYX's 6.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPSYX MainStay Epoch Global Equity Yield Fund | 6.70% | 8.24% | 10.13% | 2.71% | 2.64% | 2.66% | 2.74% | 6.87% | 9.87% | 2.24% | 3.18% | 9.65% |
MXFIX MainStay Floating Rate Fund | 7.19% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Frequently Asked Questions
MXFIX and EPSYX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPSYX has higher volatility (3.87%) compared to MXFIX (0.62%). In terms of maximum drawdown, MXFIX dropped -25.01% vs EPSYX's -48.92%.
EPSYX currently has the higher Sharpe Ratio (3.12 vs 1.81), 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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