MAINSTAY HIGH Competition

MMHIX Fund

USD 11.74 0.02 0.17%

The fund is listed under the High Yield Muni category and is part of the New York Life Investment Management LLC family. Mainstay High Yield is often compared with PACE SMALL/MEDIUM, Fidelity Small, Goldman Sachs, HEARTLAND VALUE, and ROYCE OPPORTUNITY and additional peers. This provides context for comparative analysis. Peer comparison for MAINSTAY HIGH provides quick context before deeper valuation work.

Correlation: MAINSTAY HIGH vs QUEENS ROAD Overview

Very poor diversification

For the present investment horizon, the measured correlation between MMHIX and QRSVX stands at 0.89, or Very poor diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Moving together with MAINSTAY Mutual Fund

1.0	MMHAX	Mainstay High Yield	Pair Corr
1.0	MMHDX	Mainstay High Yield	Pair Corr

Moving against MAINSTAY Mutual Fund

0.81	MLACX	Mainstay Large Cap	Pair Corr
0.81	MLAAX	Mainstay Large Cap	Pair Corr
0.81	MLAIX	Mainstay Large Cap	Pair Corr
0.63	APSLX	Mainstay Fiera Smid	Pair Corr
0.62	APSDX	Mainstay Fiera Smid	Pair Corr

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The mean reversion principle applied to MAINSTAY HIGH's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.

Hype

Prediction

Low	Estimated	High
10.57	12.84	13.02

Details

Intrinsic

Valuation

Low	Real	High
11.70	11.88	12.06

Details

Naive

Forecast

Low	Next	High
11.45	11.64	11.82

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
11.65	11.78	11.91

Details

Peer comparison enriches MAINSTAY HIGH analysis by revealing how the company ranks against competitors on key metrics. This relative perspective often changes investment conclusions drawn from standalone fundamental analysis.

MAINSTAY HIGH Competition Correlation Matrix

Correlation analysis between Mainstay High Yield and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	PCSVX	FISVX	GSXPX	HRVIX	RYOFX	QRSVX
PCSVX		0.94	0.92	0.91	0.94	0.83	PCSVX
FISVX	0.94		0.99	0.96	0.93	0.9	FISVX
GSXPX	0.92	0.99		0.97	0.92	0.94	GSXPX
HRVIX	0.91	0.96	0.97		0.89	0.97	HRVIX
RYOFX	0.94	0.93	0.92	0.89		0.85	RYOFX
QRSVX	0.83	0.9	0.94	0.97	0.85		QRSVX
	PCSVX	FISVX	GSXPX	HRVIX	RYOFX	QRSVX

Risk-Adjusted Indicators

There is a big difference between MAINSTAY Mutual Fund performing well and MAINSTAY HIGH Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MAINSTAY HIGH's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCSVX	0.79	0.11	0.11	0.06	0.88	-0.91	2.27	-1.79	4.58
FISVX	0.83	0.08	0.07	0.03	1.06	-0.82	1.49	-1.70	4.96
GSXPX	0.84	0.09	0.08	0.04	1.08	-0.82	1.54	-1.78	5.04
HRVIX	0.81	0.10	0.09	0.04	0.99	-0.86	2.21	-1.88	5.51
RYOFX	1.16	0.30	0.19	0.13	1.13	-1.32	2.40	-2.32	14.16
QRSVX	0.67	0.10	0.13	0.07	0.72	-0.74	1.41	-1.31	4.04

MAINSTAY HIGH Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	MMHIX	PCSVX	FISVX	GSXPX	HRVIX	RYOFX	QRSVX
	0.17 11.74 MAINSTAY	0.11 17.56 PACE	0.34 29.03 Fidelity	0.42 61.76 Goldman	0.53 37.30 HEARTLAND	0.66 15.09 ROYCE	0.04 44.69 QUEENS
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Moderate	Mild	Soft	Soft	Soft	Mild	Mild
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Buy	Strong Hold	Strong Hold	Strong Hold	Buy	Strong Buy
Net Asset	9.64 B	529.44 M	1.86 B	429.04 M	316.71 M	1.19 B	494.64 M
Minimum Initial Investment	N/A	10 K	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	1.49 X	N/A	N/A	1.42 X	1.31 X	1.63 X
Five Year Return	1.46 %	3.12 %	4.17 %	6.90 %	1.25 %	6.58 %	9.54 %
One Year Return	3.36 %	16.02 %	27.69 %	30.47 %	14.33 %	32.46 %	23.06 %
Last Dividend Paid	0.03	0.14	N/A	N/A	0.18	N/A	0.09
Price To Earning	N/A	17.55 X	N/A	N/A	21.42 X	4.20 X	15.97 X
Price To Sales	N/A	1.11 X	N/A	N/A	1.10 X	0.53 X	0.63 X
Cash Position Weight	9.42 %	3.81 %	0.02 %	1.44 %	3.13 %	4.74 %	10.53 %
Equity Positions Weight	N/A	96.19 %	99.98 %	98.56 %	96.87 %	95.26 %	89.43 %
Three Year Return	5.43 %	8.78 %	14.01 %	16.01 %	2.68 %	13.35 %	13.86 %
Annual Yield	0.0029 %	0.0046 %	0.02 %	0.01 %	0.01 %	N/A	0.01 %
Year To Date Return	1.07 %	3.05 %	2.94 %	3.69 %	6.78 %	8.00 %	6.75 %
Bond Positions Weight	13.26 %	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	6.60 %	7.10 %	N/A	7.31 %	6.16 %	6.99 %	6.75 %
Daily Balance Of Power	9.2 T	0	0	0	0	0	9.2 T
Day Typical Price	11.74	17.56	29.03	61.76	37.3	15.09	44.69
Period Momentum Indicator	0.02	-0.02	-0.10	-0.26	-0.20	-0.10	0.02
Rate Of Daily Change	1.0	1.0	1.0	1.0	0.99	0.99	1.0
Day Median Price	11.74	17.56	29.03	61.76	37.3	15.09	44.69
Price Action Indicator	0.01	-0.01	-0.05	-0.13	-0.10	-0.05	0.01
Coefficient Of Variation	976.98	1394.46	2585.21	2137.51	1880.44	823.33	1214.11
Mean Deviation	0.1122	0.7866	0.8271	0.8368	0.8063	1.16	0.665
Jensen Alpha	0.0093	0.1128	0.0811	0.091	0.0995	0.3005	0.1043
Total Risk Alpha	0.0184	0.1243	0.0905	0.1001	0.1115	0.3294	0.1128
Sortino Ratio	0.1907	0.1139	0.0691	0.0757	0.085	0.1934	0.1335
Downside Variance	0.0777	0.9324	1.2	1.25	1.22	1.9	0.6512
Standard Deviation	0.1791	1.05	1.06	1.07	1.11	1.91	0.8849
Kurtosis	3.59	0.2014	0.1478	0.1688	0.5277	17.37	0.426
Potential Upside	0.2573	2.27	1.49	1.54	2.21	2.4	1.41
Treynor Ratio	0.3722	0.0614	0.0276	0.035	0.0435	0.1263	0.068
Maximum Drawdown	1.1	4.58	4.96	5.04	5.51	14.16	4.04
Variance	0.0321	1.1	1.12	1.14	1.23	3.64	0.7831
Market Risk Adjusted Performance	0.3822	0.0714	0.0376	0.045	0.0535	0.1363	0.078
Risk Adjusted Performance	0.047	0.0594	0.0332	0.0397	0.0451	0.1024	0.0665
Skewness	-0.41	0.1873	0.0637	0.0757	0.1723	3.04	0.3744
Semi Deviation	0.0842	0.8805	1.06	1.08	0.9889	1.13	0.7203
Information Ratio	0.2968	0.1049	0.0716	0.0794	0.0846	0.1397	0.1217
Value At Risk	-0.34	-1.79	-1.70	-1.78	-1.88	-2.32	-1.31
Expected Short fall	-0.16	-0.91	-0.82	-0.82	-0.86	-1.32	-0.74
Downside Deviation	0.2788	0.9656	1.1	1.12	1.1	1.38	0.807
Semi Variance	0.0071	0.7753	1.12	1.16	0.9779	1.29	0.5188

Peer Performance Charts

How to Analyze MAINSTAY HIGH Against Peers

MAINSTAY HIGH's peer analysis compares MAINSTAY HIGH with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether MAINSTAY HIGH trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where MAINSTAY HIGH leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

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MAINSTAY HIGH Competition

Correlation: MAINSTAY HIGH vs QUEENS ROAD Overview

Very poor diversification

Moving together with MAINSTAY Mutual Fund

Moving against MAINSTAY Mutual Fund

Specify up to 10 symbols:

MAINSTAY HIGH Competition Correlation Matrix

Risk-Adjusted Indicators

MAINSTAY HIGH Competitive Analysis

Peer Performance Charts

How to Analyze MAINSTAY HIGH Against Peers

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