MXFIX vs. MGDIX
Compare and contrast key facts about MainStay Floating Rate Fund (MXFIX) and MainStay Growth Allocation Fund (MGDIX).
MXFIX is managed by New York Life. It was launched on May 2, 2004. MGDIX is managed by New York Life. It was launched on Apr 3, 2005.
Performance
MXFIX vs. MGDIX - Performance Comparison
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MXFIX vs. MGDIX - 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% |
MGDIX MainStay Growth Allocation Fund | -1.71% | 12.70% | 9.98% | 14.52% | -14.25% | 16.64% | 13.78% | 21.36% | -11.50% | 15.15% |
Returns By Period
In the year-to-date period, MXFIX achieves a -1.50% return, which is significantly higher than MGDIX's -1.71% return. Over the past 10 years, MXFIX has underperformed MGDIX with an annualized return of 4.58%, while MGDIX has yielded a comparatively higher 7.71% 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%
MGDIX
- 1D
- 2.35%
- 1M
- -5.12%
- YTD
- -1.71%
- 6M
- 0.58%
- 1Y
- 13.29%
- 3Y*
- 10.28%
- 5Y*
- 5.62%
- 10Y*
- 7.71%
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MXFIX vs. MGDIX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is higher than MGDIX's 0.10% expense ratio.
Return for Risk
MXFIX vs. MGDIX — Risk / Return Rank
MXFIX
MGDIX
MXFIX vs. MGDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and MainStay Growth Allocation Fund (MGDIX). 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 | MGDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.02 | +0.24 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.50 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.23 | +0.70 |
Martin ratioReturn relative to average drawdown | 6.28 | 5.68 | +0.60 |
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 | MGDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.02 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.80 | 0.43 | +1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 0.55 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.46 | +0.76 |
Correlation
The correlation between MXFIX and MGDIX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MXFIX vs. MGDIX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 6.82%, more than MGDIX's 5.20% 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% |
MGDIX MainStay Growth Allocation Fund | 5.20% | 5.11% | 8.27% | 0.14% | 7.62% | 11.17% | 5.44% | 4.58% | 11.08% | 2.83% | 2.25% | 5.77% |
Drawdowns
MXFIX vs. MGDIX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum MGDIX drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for MXFIX and MGDIX.
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Drawdown Indicators
| MXFIX | MGDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -46.05% | +21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -9.89% | +7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -22.24% | +15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -30.13% | +10.04% |
Current DrawdownCurrent decline from peak | -1.61% | -5.67% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -6.27% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.14% | -1.51% |
Volatility
MXFIX vs. MGDIX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.73%, while MainStay Growth Allocation Fund (MGDIX) has a volatility of 4.85%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than MGDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | MGDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 4.85% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 7.80% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 13.50% | -10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 13.18% | -10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 14.09% | -10.28% |