KLGAX vs. CHASX
KLGAX (MainStay WMC Growth Fund) and CHASX (Chase Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, KLGAX returned 13.70%/yr vs 20.48%/yr for CHASX. Their correlation of 0.90 suggests significant overlap in exposure. KLGAX charges 1.02%/yr vs 1.14%/yr for CHASX.
Performance
KLGAX vs. CHASX - Performance Comparison
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Returns By Period
In the year-to-date period, KLGAX achieves a -0.58% return, which is significantly lower than CHASX's 24.18% return. Over the past 10 years, KLGAX has underperformed CHASX with an annualized return of 13.70%, while CHASX has yielded a comparatively higher 20.48% annualized return.
KLGAX
- 1D
- 0.09%
- 1M
- -3.60%
- YTD
- -0.58%
- 6M
- -1.96%
- 1Y
- 9.55%
- 3Y*
- 17.63%
- 5Y*
- 7.21%
- 10Y*
- 13.70%
CHASX
- 1D
- 0.00%
- 1M
- 1.08%
- YTD
- 24.18%
- 6M
- 22.01%
- 1Y
- 45.60%
- 3Y*
- 40.76%
- 5Y*
- 21.90%
- 10Y*
- 20.48%
KLGAX vs. CHASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | -0.58% | 16.60% | 25.22% | 38.63% | -33.53% | 17.85% | 31.88% | 29.41% | -4.33% | 30.05% |
CHASX Chase Growth Fund | 24.18% | 20.61% | 64.71% | 25.91% | -20.41% | 22.32% | 18.27% | 42.63% | -3.96% | 24.49% |
Correlation
The correlation between KLGAX and CHASX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2006 | 0.90 |
The correlation between KLGAX and CHASX shifts across timeframes, from 0.80 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KLGAX vs. CHASX — Risk / Return Rank
KLGAX
CHASX
KLGAX vs. CHASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and Chase Growth Fund (CHASX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KLGAX | CHASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 4.63 | -4.00 |
| Martin ratioReturn relative to average drawdown | 2.08 | 19.09 | -17.01 |
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Drawdowns
KLGAX vs. CHASX - Drawdown Comparison
The maximum KLGAX drawdown since its inception was -55.04%, which is greater than CHASX's maximum drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for KLGAX and CHASX.
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Drawdown Indicators
| KLGAX | CHASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -45.94% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -9.90% | -6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -23.40% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -24.63% | -14.66% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -30.40% | -8.89% |
Current DrawdownCurrent decline from peak | -6.54% | -2.10% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.14% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 2.40% | +2.40% |
Volatility
KLGAX vs. CHASX - Volatility Comparison
MainStay WMC Growth Fund (KLGAX) and Chase Growth Fund (CHASX) have volatilities of 6.67% and 6.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLGAX | CHASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 6.84% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 14.28% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 18.32% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 20.38% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 19.95% | +2.01% |
KLGAX vs. CHASX - Expense Ratio Comparison
KLGAX has a 1.02% expense ratio, which is lower than CHASX's 1.14% expense ratio.
Dividends
KLGAX vs. CHASX - Dividend Comparison
KLGAX's dividend yield for the trailing twelve months is around 3.40%, less than CHASX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHASX Chase Growth Fund | 7.35% | 9.12% | 36.67% | 5.80% | 5.49% | 20.15% | 7.83% | 22.82% | 12.92% | 11.92% | 9.14% | 10.24% |
KLGAX MainStay WMC Growth Fund | 3.40% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
Frequently Asked Questions
KLGAX and CHASX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHASX has higher volatility (6.84%) compared to KLGAX (6.67%). In terms of maximum drawdown, KLGAX dropped -55.04% vs CHASX's -45.94%.
CHASX currently has the higher Sharpe Ratio (2.51 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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