PTTRX vs. MHCAX
Compare and contrast key facts about PIMCO Total Return Fund Institutional Class (PTTRX) and MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX).
PTTRX is managed by PIMCO. MHCAX is managed by New York Life. It was launched on May 1, 1986.
Performance
PTTRX vs. MHCAX - Performance Comparison
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PTTRX vs. MHCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTTRX PIMCO Total Return Fund Institutional Class | -0.68% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | -0.62% | 6.44% | 6.90% | 11.27% | 42.57% | 5.10% | 4.82% | 12.76% | -1.92% | 6.54% |
Returns By Period
In the year-to-date period, PTTRX achieves a -0.68% return, which is significantly lower than MHCAX's -0.62% return. Over the past 10 years, PTTRX has underperformed MHCAX with an annualized return of 2.27%, while MHCAX has yielded a comparatively higher 10.09% annualized return.
PTTRX
- 1D
- 0.34%
- 1M
- -2.24%
- YTD
- -0.68%
- 6M
- 0.80%
- 1Y
- 4.56%
- 3Y*
- 4.81%
- 5Y*
- 0.66%
- 10Y*
- 2.27%
MHCAX
- 1D
- 0.00%
- 1M
- -1.35%
- YTD
- -0.62%
- 6M
- 0.34%
- 1Y
- 4.66%
- 3Y*
- 6.70%
- 5Y*
- 13.24%
- 10Y*
- 10.09%
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PTTRX vs. MHCAX - Expense Ratio Comparison
PTTRX has a 0.47% expense ratio, which is lower than MHCAX's 0.95% expense ratio.
Return for Risk
PTTRX vs. MHCAX — Risk / Return Rank
PTTRX
MHCAX
PTTRX vs. MHCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Institutional Class (PTTRX) and MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX). 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.
| PTTRX | MHCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.64 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.19 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.58 | +0.11 |
Martin ratioReturn relative to average drawdown | 4.99 | 7.50 | -2.51 |
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
| PTTRX | MHCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.64 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.53 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.56 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.77 | +0.37 |
Correlation
The correlation between PTTRX and MHCAX is 0.19, 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
PTTRX vs. MHCAX - Dividend Comparison
PTTRX's dividend yield for the trailing twelve months is around 4.12%, less than MHCAX's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTTRX PIMCO Total Return Fund Institutional Class | 4.12% | 4.47% | 4.61% | 3.81% | 3.63% | 2.59% | 6.11% | 3.96% | 3.13% | 2.63% | 3.02% | 6.64% |
MHCAX MainStay MacKay High Yield Corporate Bond Fund Class A | 5.62% | 6.06% | 5.90% | 5.56% | 40.91% | 5.00% | 5.52% | 5.58% | 5.94% | 6.20% | 5.69% | 6.72% |
Drawdowns
PTTRX vs. MHCAX - Drawdown Comparison
The maximum PTTRX drawdown since its inception was -19.28%, smaller than the maximum MHCAX drawdown of -29.62%. Use the drawdown chart below to compare losses from any high point for PTTRX and MHCAX.
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Drawdown Indicators
| PTTRX | MHCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -29.62% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -2.89% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -11.74% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -18.98% | -0.30% |
Current DrawdownCurrent decline from peak | -2.78% | -1.48% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -2.15% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.61% | +0.63% |
Volatility
PTTRX vs. MHCAX - Volatility Comparison
PIMCO Total Return Fund Institutional Class (PTTRX) has a higher volatility of 2.05% compared to MainStay MacKay High Yield Corporate Bond Fund Class A (MHCAX) at 0.95%. This indicates that PTTRX's price experiences larger fluctuations and is considered to be riskier than MHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTTRX | MHCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.95% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 1.63% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 2.99% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 25.35% | -19.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 18.23% | -13.04% |