MXFIX vs. SFHIX
Compare and contrast key facts about MainStay Floating Rate Fund (MXFIX) and Shenkman Capital Floating Rate High Income Fund (SFHIX).
MXFIX is managed by New York Life. It was launched on May 2, 2004. SFHIX is managed by Shenkman Funds. It was launched on Oct 14, 2014.
Performance
MXFIX vs. SFHIX - Performance Comparison
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MXFIX vs. SFHIX - 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% |
SFHIX Shenkman Capital Floating Rate High Income Fund | -1.02% | 5.70% | 8.14% | 11.50% | -0.95% | 3.90% | 1.77% | 588.11% | 0.53% | 3.64% |
Returns By Period
In the year-to-date period, MXFIX achieves a -1.50% return, which is significantly lower than SFHIX's -1.02% return. Over the past 10 years, MXFIX has underperformed SFHIX with an annualized return of 4.58%, while SFHIX has yielded a comparatively higher 26.07% annualized return.
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
SFHIX
- 1D
- -0.11%
- 1M
- 0.69%
- YTD
- -1.02%
- 6M
- 0.21%
- 1Y
- 4.11%
- 3Y*
- 7.06%
- 5Y*
- 5.11%
- 10Y*
- 26.07%
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MXFIX vs. SFHIX - Expense Ratio Comparison
MXFIX has a 0.74% expense ratio, which is higher than SFHIX's 0.54% expense ratio.
Return for Risk
MXFIX vs. SFHIX — Risk / Return Rank
MXFIX
SFHIX
MXFIX vs. SFHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) and Shenkman Capital Floating Rate High Income Fund (SFHIX). 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 | SFHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.79 | -0.41 |
Sortino ratioReturn per unit of downside risk | 2.21 | 2.50 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.71 | +0.16 |
Martin ratioReturn relative to average drawdown | 6.17 | 5.65 | +0.53 |
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 | SFHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.79 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.80 | 2.59 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 0.56 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.52 | +0.69 |
Correlation
The correlation between MXFIX and SFHIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MXFIX vs. SFHIX - Dividend Comparison
MXFIX's dividend yield for the trailing twelve months is around 6.82%, less than SFHIX's 7.01% 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% |
SFHIX Shenkman Capital Floating Rate High Income Fund | 7.01% | 7.61% | 8.07% | 8.06% | 4.99% | 3.20% | 3.93% | 142.83% | 5.03% | 4.00% | 4.22% | 4.58% |
Drawdowns
MXFIX vs. SFHIX - Drawdown Comparison
The maximum MXFIX drawdown since its inception was -25.01%, which is greater than SFHIX's maximum drawdown of -19.94%. Use the drawdown chart below to compare losses from any high point for MXFIX and SFHIX.
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Drawdown Indicators
| MXFIX | SFHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -19.94% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -2.25% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -5.57% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -20.09% | -19.94% | -0.15% |
Current DrawdownCurrent decline from peak | -1.61% | -1.46% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -0.84% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.68% | -0.06% |
Volatility
MXFIX vs. SFHIX - Volatility Comparison
MainStay Floating Rate Fund (MXFIX) has a higher volatility of 0.82% compared to Shenkman Capital Floating Rate High Income Fund (SFHIX) at 0.70%. This indicates that MXFIX's price experiences larger fluctuations and is considered to be riskier than SFHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFIX | SFHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.70% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.34% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.16% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 1.98% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 46.68% | -42.87% |