MXFIX vs. KLGAX
MXFIX (MainStay Floating Rate Fund) and KLGAX (MainStay WMC Growth Fund) are both mutual funds - MXFIX is a Bank Loan fund managed by New York Life, while KLGAX is a Large Cap Growth Equities fund managed by New York Life. Over the past 10 years, MXFIX returned 4.63%/yr vs 13.69%/yr for KLGAX. At a 0.14 correlation, their price movements are largely independent. MXFIX charges 0.74%/yr vs 1.02%/yr for KLGAX.
Performance
MXFIX vs. KLGAX - Performance Comparison
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Returns By Period
In the year-to-date period, MXFIX achieves a 0.63% return, which is significantly higher than KLGAX's -0.67% return. Over the past 10 years, MXFIX has underperformed KLGAX with an annualized return of 4.63%, while KLGAX has yielded a comparatively higher 13.69% annualized return.
MXFIX
- 1D
- -0.12%
- 1M
- 0.19%
- YTD
- 0.63%
- 6M
- 1.47%
- 1Y
- 4.16%
- 3Y*
- 6.74%
- 5Y*
- 5.02%
- 10Y*
- 4.63%
KLGAX
- 1D
- -1.77%
- 1M
- -3.20%
- YTD
- -0.67%
- 6M
- -2.05%
- 1Y
- 9.83%
- 3Y*
- 17.59%
- 5Y*
- 7.19%
- 10Y*
- 13.69%
MXFIX vs. KLGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 0.63% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
KLGAX MainStay WMC Growth Fund | -0.67% | 16.60% | 25.22% | 38.63% | -33.53% | 17.85% | 31.88% | 29.41% | -4.33% | 30.05% |
Correlation
The correlation between MXFIX and KLGAX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2006 | 0.14 |
Over the past year, MXFIX and KLGAX have become more correlated (0.36) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
MXFIX vs. KLGAX — Risk / Return Rank
MXFIX
KLGAX
MXFIX vs. KLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and MainStay WMC Growth Fund (KLGAX). 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 | KLGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.13 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 0.75 | +1.75 |
| Martin ratioReturn relative to average drawdown | 7.91 | 2.49 | +5.42 |
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Drawdowns
MXFIX vs. KLGAX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum KLGAX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for MXFIX and KLGAX.
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Drawdown Indicators
| MXFIX | KLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -55.04% | +30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -16.03% | +14.30% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -22.71% | +20.14% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -39.29% | +32.95% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -39.29% | +19.20% |
Current DrawdownCurrent decline from peak | -0.35% | -6.63% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -9.48% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 4.78% | -4.24% |
Volatility
MXFIX vs. KLGAX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.64%, while MainStay WMC Growth Fund (KLGAX) has a volatility of 6.69%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than KLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | KLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 6.69% | -6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 13.29% | -11.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 16.90% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 22.67% | -19.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 21.97% | -18.15% |
MXFIX vs. KLGAX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is lower than KLGAX's 1.02% expense ratio.
Dividends
MXFIX vs. KLGAX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 7.20%, more than KLGAX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | 3.40% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
MXFIX MainStay Floating Rate Fund | 7.20% | 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 KLGAX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLGAX has higher volatility (6.69%) compared to MXFIX (0.64%). In terms of maximum drawdown, MXFIX dropped -25.01% vs KLGAX's -55.04%.
MXFIX currently has the higher Sharpe Ratio (1.76 vs 0.71), 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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