Mainstay Floating Risk Adjusted Performance

MXFEX Fund  USD 8.90  0.01  0.11%   
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Mainstay Floating Rate has current Risk Adjusted Performance of 0.152.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.152
ER[a] = Expected return on investing in Mainstay Floating
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Mainstay Floating Risk Adjusted Performance Peers Comparison

Mainstay Risk Adjusted Performance Relative To Other Indicators

Mainstay Floating Rate is number one fund in risk adjusted performance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  5.29  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for Mainstay Floating Rate is roughly  5.29 
Compare Mainstay Floating to Peers

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