MXFIX vs. LFRIX
MXFIX (MainStay Floating Rate Fund) and LFRIX (Lord Abbett Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, MXFIX returned 4.61%/yr vs 4.58%/yr for LFRIX. A 0.71 correlation means they provide meaningful diversification when combined. MXFIX charges 0.74%/yr vs 0.60%/yr for LFRIX.
Performance
MXFIX vs. LFRIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXFIX achieves a 0.99% return, which is significantly lower than LFRIX's 1.91% return. Both investments have delivered pretty close results over the past 10 years, with MXFIX having a 4.61% annualized return and LFRIX not far behind at 4.58%.
MXFIX
- 1D
- 0.00%
- 1M
- 0.54%
- YTD
- 0.99%
- 6M
- 1.60%
- 1Y
- 4.65%
- 3Y*
- 7.11%
- 5Y*
- 5.09%
- 10Y*
- 4.61%
LFRIX
- 1D
- 0.00%
- 1M
- 0.80%
- YTD
- 1.91%
- 6M
- 2.62%
- 1Y
- 6.46%
- 3Y*
- 8.04%
- 5Y*
- 5.45%
- 10Y*
- 4.58%
MXFIX vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 0.99% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
LFRIX Lord Abbett Floating Rate Fund | 1.91% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Correlation
The correlation between MXFIX and LFRIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2007 | 0.71 |
The correlation between MXFIX and LFRIX has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
MXFIX vs. LFRIX — Risk / Return Rank
MXFIX
LFRIX
MXFIX vs. LFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and Lord Abbett Floating Rate Fund (LFRIX). 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 | LFRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 2.10 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 4.18 | -1.47 |
| Martin ratioReturn relative to average drawdown | 8.62 | 15.86 | -7.23 |
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 | LFRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.68 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 1.92 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.17 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.12 | +0.12 |
Drawdowns
MXFIX vs. LFRIX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum LFRIX drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for MXFIX and LFRIX.
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Drawdown Indicators
| MXFIX | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -27.90% | +2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -1.55% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -2.59% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -6.23% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -21.75% | +1.66% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -1.94% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.41% | +0.13% |
Volatility
MXFIX vs. LFRIX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.59%, while Lord Abbett Floating Rate Fund (LFRIX) has a volatility of 0.64%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than LFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.64% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 1.86% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 2.42% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 2.86% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 3.91% | -0.09% |
MXFIX vs. LFRIX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Dividends
MXFIX vs. LFRIX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 7.17%, more than LFRIX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 6.89% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
MXFIX MainStay Floating Rate Fund | 7.17% | 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 LFRIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFRIX has higher volatility (0.64%) compared to MXFIX (0.59%). In terms of maximum drawdown, MXFIX dropped -25.01% vs LFRIX's -27.90%.
LFRIX currently has the higher Sharpe Ratio (2.68 vs 1.92), 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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