FTCHX vs. MLAAX
Compare and contrast key facts about Invesco Technology Fund (FTCHX) and MainStay Winslow Large Cap Growth Fund (MLAAX).
FTCHX is managed by Invesco. It was launched on Jan 18, 1984. MLAAX is managed by New York Life Investments. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTCHX or MLAAX.
Correlation
The correlation between FTCHX and MLAAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTCHX vs. MLAAX - Performance Comparison
Key characteristics
FTCHX:
0.41
MLAAX:
0.05
FTCHX:
0.68
MLAAX:
0.22
FTCHX:
1.10
MLAAX:
1.04
FTCHX:
0.20
MLAAX:
0.03
FTCHX:
1.49
MLAAX:
0.15
FTCHX:
7.24%
MLAAX:
8.92%
FTCHX:
26.66%
MLAAX:
26.29%
FTCHX:
-88.28%
MLAAX:
-55.55%
FTCHX:
-45.19%
MLAAX:
-35.23%
Returns By Period
The year-to-date returns for both stocks are quite close, with FTCHX having a 5.30% return and MLAAX slightly lower at 5.13%. Over the past 10 years, FTCHX has outperformed MLAAX with an annualized return of 5.27%, while MLAAX has yielded a comparatively lower -0.51% annualized return.
FTCHX
5.30%
1.61%
6.67%
11.69%
4.09%
5.27%
MLAAX
5.13%
2.97%
-7.64%
2.03%
0.10%
-0.51%
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FTCHX vs. MLAAX - Expense Ratio Comparison
FTCHX has a 0.91% expense ratio, which is lower than MLAAX's 0.93% expense ratio.
Risk-Adjusted Performance
FTCHX vs. MLAAX — Risk-Adjusted Performance Rank
FTCHX
MLAAX
FTCHX vs. MLAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Technology Fund (FTCHX) and MainStay Winslow Large Cap Growth Fund (MLAAX). 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.
Dividends
FTCHX vs. MLAAX - Dividend Comparison
Neither FTCHX nor MLAAX has paid dividends to shareholders.
Drawdowns
FTCHX vs. MLAAX - Drawdown Comparison
The maximum FTCHX drawdown since its inception was -88.28%, which is greater than MLAAX's maximum drawdown of -55.55%. Use the drawdown chart below to compare losses from any high point for FTCHX and MLAAX. For additional features, visit the drawdowns tool.
Volatility
FTCHX vs. MLAAX - Volatility Comparison
Invesco Technology Fund (FTCHX) has a higher volatility of 8.62% compared to MainStay Winslow Large Cap Growth Fund (MLAAX) at 4.85%. This indicates that FTCHX's price experiences larger fluctuations and is considered to be riskier than MLAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.