MXFIX vs. MSOAX
MXFIX (MainStay Floating Rate Fund) and MSOAX (MainStay WMC Enduring Capital Fund) are both mutual funds - MXFIX is a Bank Loan fund managed by New York Life, while MSOAX is a Large Cap Blend Equities fund managed by New York Life. Over the past 10 years, MXFIX returned 4.62%/yr vs 10.71%/yr for MSOAX. At a 0.13 correlation, their price movements are largely independent. MXFIX charges 0.74%/yr vs 0.91%/yr for MSOAX.
Performance
MXFIX vs. MSOAX - Performance Comparison
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Returns By Period
In the year-to-date period, MXFIX achieves a 0.87% return, which is significantly lower than MSOAX's 2.15% return. Over the past 10 years, MXFIX has underperformed MSOAX with an annualized return of 4.62%, while MSOAX has yielded a comparatively higher 10.71% annualized return.
MXFIX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 0.87%
- 6M
- 1.83%
- 1Y
- 4.53%
- 3Y*
- 6.78%
- 5Y*
- 5.07%
- 10Y*
- 4.62%
MSOAX
- 1D
- 0.49%
- 1M
- 2.83%
- YTD
- 2.15%
- 6M
- 0.98%
- 1Y
- -0.65%
- 3Y*
- 7.98%
- 5Y*
- 6.43%
- 10Y*
- 10.71%
MXFIX vs. MSOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 0.87% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
MSOAX MainStay WMC Enduring Capital Fund | 2.15% | -0.61% | 10.54% | 17.67% | -13.18% | 35.36% | 15.48% | 24.80% | -7.00% | 23.82% |
Correlation
The correlation between MXFIX and MSOAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2004 | 0.13 |
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Return for Risk
MXFIX vs. MSOAX — Risk / Return Rank
MXFIX
MSOAX
MXFIX vs. MSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and MainStay WMC Enduring Capital Fund (MSOAX). 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 | MSOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.00 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.05 | +2.69 |
| Martin ratioReturn relative to average drawdown | 8.38 | -0.10 | +8.47 |
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Drawdowns
MXFIX vs. MSOAX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum MSOAX drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for MXFIX and MSOAX.
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Drawdown Indicators
| MXFIX | MSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -55.16% | +30.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -11.43% | +9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -14.69% | +12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -21.27% | +14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -34.01% | +13.92% |
Current DrawdownCurrent decline from peak | -0.12% | -8.31% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -13.28% | +12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 5.64% | -5.10% |
Volatility
MXFIX vs. MSOAX - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.62%, while MainStay WMC Enduring Capital Fund (MSOAX) has a volatility of 3.56%. This indicates that MXFIX experiences smaller price fluctuations and is considered to be less risky than MSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | MSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 3.56% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 9.70% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 12.86% | -10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 15.92% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 17.81% | -13.99% |
MXFIX vs. MSOAX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is lower than MSOAX's 0.91% expense ratio.
Dividends
MXFIX vs. MSOAX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 7.18%, more than MSOAX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSOAX MainStay WMC Enduring Capital Fund | 3.98% | 4.07% | 0.26% | 0.64% | 4.00% | 8.70% | 0.83% | 5.99% | 13.82% | 0.88% | 1.22% | 1.11% |
MXFIX MainStay Floating Rate Fund | 7.18% | 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 MSOAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOAX has higher volatility (3.56%) compared to MXFIX (0.62%). In terms of maximum drawdown, MXFIX dropped -25.01% vs MSOAX's -55.16%.
MXFIX currently has the higher Sharpe Ratio (1.86 vs -0.04), 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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