KLGAX vs. MLAAX
KLGAX (MainStay WMC Growth Fund) and MLAAX (MainStay Winslow Large Cap Growth Fund) are both Large Cap Growth Equities funds from New York Life. Over the past 10 years, KLGAX returned 12.52%/yr vs 15.86%/yr for MLAAX. Their 0.96 correlation means they have historically moved very closely together. KLGAX charges 1.02%/yr vs 0.93%/yr for MLAAX.
Performance
KLGAX vs. MLAAX - Performance Comparison
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Returns By Period
In the year-to-date period, KLGAX achieves a -3.70% return, which is significantly lower than MLAAX's -0.57% return. Over the past 10 years, KLGAX has underperformed MLAAX with an annualized return of 12.52%, while MLAAX has yielded a comparatively higher 15.86% annualized return.
KLGAX
- 1D
- 2.60%
- 1M
- -4.15%
- 6M
- -2.18%
- YTD
- -3.70%
- 1Y
- 3.38%
- 3Y*
- 14.26%
- 5Y*
- 5.83%
- 10Y*
- 12.52%
- ALL TIME*
- 9.64%
MLAAX
- 1D
- 2.82%
- 1M
- -3.21%
- 6M
- 2.10%
- YTD
- -0.57%
- 1Y
- 3.77%
- 3Y*
- 17.33%
- 5Y*
- 8.73%
- 10Y*
- 15.86%
- ALL TIME*
- 5.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
KLGAX vs. MLAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | -3.70% | 16.60% | 25.22% | 38.63% | -33.53% | 17.85% | 31.88% | 29.41% | -4.33% | 30.05% |
MLAAX MainStay Winslow Large Cap Growth Fund | -0.57% | 14.20% | 28.95% | 43.10% | -31.51% | 25.00% | 36.95% | 33.18% | 3.81% | 32.19% |
Correlation
The correlation between KLGAX and MLAAX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2006 | 0.96 |
The correlation between KLGAX and MLAAX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
KLGAX vs. MLAAX — Risk / Return Rank
KLGAX
MLAAX
KLGAX vs. MLAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) 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.
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 | MLAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.09 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.22 | 0.24 | -0.03 |
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Drawdowns
KLGAX vs. MLAAX - Drawdown Comparison
The maximum KLGAX drawdown since its inception was -55.04%, smaller than the maximum MLAAX drawdown of -83.01%. Use the drawdown chart below to compare losses from any high point for KLGAX and MLAAX.
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Drawdown Indicators
| KLGAX | MLAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -83.01% | +27.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -20.28% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -35.43% | +12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -39.36% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -39.36% | +0.07% |
Current DrawdownCurrent decline from peak | -9.47% | -10.23% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -38.64% | +29.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 7.10% | -1.86% |
Volatility
KLGAX vs. MLAAX - Volatility Comparison
MainStay WMC Growth Fund (KLGAX) and MainStay Winslow Large Cap Growth Fund (MLAAX) have volatilities of 6.34% and 6.33%, 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 | MLAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 6.33% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 15.41% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 19.05% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 25.92% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 25.85% | -3.84% |
KLGAX vs. MLAAX - Expense Ratio Comparison
KLGAX has a 1.02% expense ratio, which is higher than MLAAX's 0.93% expense ratio.
Dividends
KLGAX vs. MLAAX - Dividend Comparison
KLGAX's dividend yield for the trailing twelve months is around 3.51%, less than MLAAX's 24.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | 3.51% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
MLAAX MainStay Winslow Large Cap Growth Fund | 24.51% | 24.37% | 22.54% | 10.59% | 14.95% | 26.64% | 5.40% | 11.55% | 23.59% | 17.20% | 13.18% | 13.61% |
Frequently Asked Questions
With a correlation of 0.94, KLGAX and MLAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KLGAX has higher volatility (6.34%) compared to MLAAX (6.33%). In terms of maximum drawdown, KLGAX dropped -55.04% vs MLAAX's -83.01%.
MLAAX currently has the higher Sharpe Ratio (0.09 vs 0.06), 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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