KLGAX vs. MSOAX

Last updated Jun 5, 2026

KLGAX (MainStay WMC Growth Fund) and MSOAX (MainStay WMC Enduring Capital Fund) are both mutual funds - KLGAX is a Large Cap Growth Equities fund managed by New York Life, while MSOAX is a Large Cap Blend Equities fund managed by New York Life. Over the past 10 years, KLGAX returned 13.65%/yr vs 10.39%/yr for MSOAX. Their correlation of 0.85 suggests significant overlap in exposure. KLGAX charges 1.02%/yr vs 0.91%/yr for MSOAX.

Performance

KLGAX vs. MSOAX - Performance Comparison

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

Returns By Period

In the year-to-date period, KLGAX achieves a 4.46% return, which is significantly higher than MSOAX's -0.41% return. Over the past 10 years, KLGAX has outperformed MSOAX with an annualized return of 13.65%, while MSOAX has yielded a comparatively lower 10.39% annualized return.

KLGAX

• 1D: -1.24%
• 1M: 4.24%
• YTD: 4.46%
• 6M: 3.72%
• 1Y: 18.28%
• 3Y*: 19.94%
• 5Y*: 9.36%
• 10Y*: 13.65%

MSOAX

• 1D: -0.22%
• 1M: 0.47%
• YTD: -0.41%
• 6M: -1.05%
• 1Y: -5.52%
• 3Y*: 7.91%
• 5Y*: 5.13%
• 10Y*: 10.39%

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

KLGAX vs. MSOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KLGAX MainStay WMC Growth Fund	4.46%	16.60%	25.22%	38.63%	-33.53%	17.85%	31.88%	29.41%	-4.33%	30.05%
MSOAX MainStay WMC Enduring Capital Fund	-0.41%	-0.61%	10.54%	17.67%	-13.18%	35.36%	15.48%	24.80%	-7.00%	23.82%

Correlation

The correlation between KLGAX and MSOAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 8, 2006	0.85

Over the past year, the correlation between KLGAX and MSOAX has dropped to 0.41 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

KLGAX vs. MSOAX — Risk / Return Rank

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

KLGAX

KLGAX Risk / Return Rank: 16
KLGAX Sharpe Ratio Rank: 18
KLGAX Sortino Ratio Rank: 17
KLGAX Omega Ratio Rank: 18
KLGAX Calmar Ratio Rank: 14
KLGAX Martin Ratio Rank: 15

MSOAX

MSOAX Risk / Return Rank: 1
MSOAX Sharpe Ratio Rank: 1
MSOAX Sortino Ratio Rank: 1
MSOAX Omega Ratio Rank: 1
MSOAX Calmar Ratio Rank: 1
MSOAX Martin Ratio Rank: 1

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. MSOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and MainStay WMC Enduring Capital Fund (MSOAX). 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.

	KLGAX	MSOAX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	-0.46	+1.66
Sortino ratio: Return per unit of downside risk	1.71	-0.58	+2.28
Omega ratio: Gain probability vs. loss probability	1.22	0.94	+0.28
Calmar ratio: Return relative to maximum drawdown	1.20	-0.51	+1.71
Martin ratio: Return relative to average drawdown	4.10	-1.05	+5.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLGAX vs. MSOAX - Sharpe Ratio Comparison

The current KLGAX Sharpe Ratio is 1.20, which is higher than the MSOAX Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of KLGAX and MSOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLGAX	MSOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	-0.46	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.33	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.59	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.37	+0.08

Drawdowns

KLGAX vs. MSOAX - Drawdown Comparison

The maximum KLGAX drawdown since its inception was -55.04%, roughly equal to the maximum MSOAX drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for KLGAX and MSOAX.

Drawdown Indicators

	KLGAX	MSOAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.04%	-55.16%	+0.12%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-11.43%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-22.71%	-14.69%	-8.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	-21.27%	-18.02%
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	-34.01%	-5.28%
Current Drawdown Current decline from peak	-1.80%	-10.61%	+8.81%
Average Drawdown Average peak-to-trough decline	-9.49%	-13.29%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	5.57%	-0.91%

Volatility

KLGAX vs. MSOAX - Volatility Comparison

MainStay WMC Growth Fund (KLGAX) has a higher volatility of 3.79% compared to MainStay WMC Enduring Capital Fund (MSOAX) at 2.63%. This indicates that KLGAX's price experiences larger fluctuations and is considered to be riskier than MSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLGAX	MSOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	2.63%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	9.35%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	12.65%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.53%	15.87%	+6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	17.78%	+4.16%

KLGAX vs. MSOAX - Expense Ratio Comparison

KLGAX has a 1.02% expense ratio, which is higher than MSOAX's 0.91% expense ratio.

Dividends

KLGAX vs. MSOAX - Dividend Comparison

KLGAX's dividend yield for the trailing twelve months is around 3.23%, less than MSOAX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLGAX MainStay WMC Growth Fund	3.23%	3.38%	3.96%	0.00%	0.00%	26.57%	3.69%	3.43%	11.10%	3.85%	8.73%	7.55%
MSOAX MainStay WMC Enduring Capital Fund	4.09%	4.07%	0.26%	0.64%	4.00%	8.70%	0.83%	5.99%	13.82%	0.88%	1.22%	1.11%

Frequently Asked Questions

Can I hold both KLGAX and MSOAX in my portfolio?

KLGAX and MSOAX have a correlation of 0.41, 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 MSOAX?

KLGAX has higher volatility (3.79%) compared to MSOAX (2.63%). In terms of maximum drawdown, KLGAX dropped -55.04% vs MSOAX's -55.16%.

Which has better risk-adjusted returns?

KLGAX currently has the higher Sharpe Ratio (1.20 vs -0.46), 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.