KLGAX vs. CSHZX

Last updated Jun 25, 2026

KLGAX (MainStay WMC Growth Fund) and CSHZX (MainStay Cushing MLP Premier Fund) are both mutual funds - KLGAX is a Large Cap Growth Equities fund managed by New York Life, while CSHZX is a Energy Equities fund managed by New York Life. Over the past 10 years, KLGAX returned 13.69%/yr vs 10.19%/yr for CSHZX. At a 0.41 correlation, their price movements are largely independent. KLGAX charges 1.02%/yr vs 1.20%/yr for CSHZX.

Performance

KLGAX vs. CSHZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay WMC Growth Fund (KLGAX) and MainStay Cushing MLP Premier Fund (CSHZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLGAX achieves a -0.67% return, which is significantly lower than CSHZX's 24.88% return. Over the past 10 years, KLGAX has outperformed CSHZX with an annualized return of 13.69%, while CSHZX has yielded a comparatively lower 10.19% annualized return.

KLGAX

• 1D: -1.77%
• 1M: -3.20%
• YTD: -0.67%
• 6M: -2.05%
• 1Y: 9.83%
• 3Y*: 17.59%
• 5Y*: 7.19%
• 10Y*: 13.69%

CSHZX

• 1D: 1.39%
• 1M: -3.77%
• YTD: 24.88%
• 6M: 25.13%
• 1Y: 26.25%
• 3Y*: 28.60%
• 5Y*: 21.51%
• 10Y*: 10.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLGAX vs. CSHZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KLGAX MainStay WMC Growth Fund	-0.67%	16.60%	25.22%	38.63%	-33.53%	17.85%	31.88%	29.41%	-4.33%	30.05%
CSHZX MainStay Cushing MLP Premier Fund	24.88%	3.69%	41.96%	15.20%	24.20%	38.80%	-28.06%	12.37%	-12.72%	-8.10%

Correlation

The correlation between KLGAX and CSHZX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Oct 19, 2010	0.41

The correlation between KLGAX and CSHZX shifts across timeframes, from -0.08 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KLGAX vs. CSHZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLGAX

KLGAX Risk / Return Rank: 10
KLGAX Sharpe Ratio Rank: 10
KLGAX Sortino Ratio Rank: 10
KLGAX Omega Ratio Rank: 10
KLGAX Calmar Ratio Rank: 9
KLGAX Martin Ratio Rank: 10

CSHZX

CSHZX Risk / Return Rank: 58
CSHZX Sharpe Ratio Rank: 53
CSHZX Sortino Ratio Rank: 51
CSHZX Omega Ratio Rank: 46
CSHZX Calmar Ratio Rank: 89
CSHZX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLGAX vs. CSHZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and MainStay Cushing MLP Premier Fund (CSHZX). 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	CSHZX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.85	-1.14
Sortino ratio: Return per unit of downside risk	1.06	2.57	-1.51
Omega ratio: Gain probability vs. loss probability	1.13	1.32	-0.18
Calmar ratio: Return relative to maximum drawdown	0.75	3.98	-3.23
Martin ratio: Return relative to average drawdown	2.49	9.40	-6.91

KLGAX vs. CSHZX - Sharpe Ratio Comparison

The current KLGAX Sharpe Ratio is 0.71, which is lower than the CSHZX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of KLGAX and CSHZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KLGAX vs. CSHZX - Drawdown Comparison

The maximum KLGAX drawdown since its inception was -55.04%, smaller than the maximum CSHZX drawdown of -76.00%. Use the drawdown chart below to compare losses from any high point for KLGAX and CSHZX.

Drawdown Indicators

	KLGAX	CSHZX	Difference
Max Drawdown Largest peak-to-trough decline	-55.04%	-76.00%	+20.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-6.89%	-9.14%
Max Drawdown (3Y) Largest decline over 3 years	-22.71%	-18.32%	-4.39%
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	-19.90%	-19.39%
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	-70.12%	+30.83%
Current Drawdown Current decline from peak	-6.63%	-4.03%	-2.60%
Average Drawdown Average peak-to-trough decline	-9.48%	-18.67%	+9.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	2.91%	+1.87%

Volatility

KLGAX vs. CSHZX - Volatility Comparison

MainStay WMC Growth Fund (KLGAX) has a higher volatility of 6.69% compared to MainStay Cushing MLP Premier Fund (CSHZX) at 5.60%. This indicates that KLGAX's price experiences larger fluctuations and is considered to be riskier than CSHZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLGAX	CSHZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	5.60%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	11.36%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	14.86%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.67%	20.02%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	26.27%	-4.30%

KLGAX vs. CSHZX - Expense Ratio Comparison

KLGAX has a 1.02% expense ratio, which is lower than CSHZX's 1.20% expense ratio.

Dividends

KLGAX vs. CSHZX - Dividend Comparison

KLGAX's dividend yield for the trailing twelve months is around 3.40%, less than CSHZX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSHZX MainStay Cushing MLP Premier Fund	9.55%	11.65%	6.16%	8.16%	8.77%	11.69%	14.40%	8.96%	13.78%	10.72%	10.40%	9.96%
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

Can I hold both KLGAX and CSHZX in my portfolio?

KLGAX and CSHZX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLGAX or CSHZX?

KLGAX has higher volatility (6.69%) compared to CSHZX (5.60%). In terms of maximum drawdown, KLGAX dropped -55.04% vs CSHZX's -76.00%.

Which has better risk-adjusted returns?

CSHZX currently has the higher Sharpe Ratio (1.85 vs 0.71), 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.