Correlation
The correlation between KLGAX and VTTSX 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.
KLGAX vs. VTTSX
Compare and contrast key facts about MainStay WMC Growth Fund (KLGAX) and Vanguard Target Retirement 2060 Fund (VTTSX).
KLGAX is managed by New York Life Investments. It was launched on Aug 7, 2006. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KLGAX or VTTSX.
Performance
KLGAX vs. VTTSX - Performance Comparison
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Key characteristics
KLGAX:
0.52
VTTSX:
0.85
KLGAX:
0.76
VTTSX:
1.17
KLGAX:
1.10
VTTSX:
1.17
KLGAX:
0.47
VTTSX:
0.81
KLGAX:
1.56
VTTSX:
3.60
KLGAX:
6.90%
VTTSX:
3.28%
KLGAX:
25.39%
VTTSX:
15.42%
KLGAX:
-55.04%
VTTSX:
-31.38%
KLGAX:
-3.94%
VTTSX:
-0.31%
Returns By Period
In the year-to-date period, KLGAX achieves a 1.21% return, which is significantly lower than VTTSX's 5.40% return. Over the past 10 years, KLGAX has outperformed VTTSX with an annualized return of 11.03%, while VTTSX has yielded a comparatively lower 8.34% annualized return.
KLGAX
1.21%
7.40%
0.96%
13.54%
16.08%
12.31%
11.03%
VTTSX
5.40%
4.85%
2.48%
12.33%
10.97%
11.04%
8.34%
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KLGAX vs. VTTSX - Expense Ratio Comparison
KLGAX has a 1.02% expense ratio, which is higher than VTTSX's 0.08% expense ratio.
Risk-Adjusted Performance
KLGAX vs. VTTSX — Risk-Adjusted Performance Rank
KLGAX
VTTSX
KLGAX vs. VTTSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Growth Fund (KLGAX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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.
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Dividends
KLGAX vs. VTTSX - Dividend Comparison
KLGAX's dividend yield for the trailing twelve months is around 3.91%, more than VTTSX's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | 3.91% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% | 9.49% |
VTTSX Vanguard Target Retirement 2060 Fund | 2.09% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.31% | 1.77% | 1.98% | 1.92% | 1.67% |
Drawdowns
KLGAX vs. VTTSX - Drawdown Comparison
The maximum KLGAX drawdown since its inception was -55.04%, which is greater than VTTSX's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for KLGAX and VTTSX.
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Volatility
KLGAX vs. VTTSX - Volatility Comparison
MainStay WMC Growth Fund (KLGAX) has a higher volatility of 5.60% compared to Vanguard Target Retirement 2060 Fund (VTTSX) at 3.36%. This indicates that KLGAX's price experiences larger fluctuations and is considered to be riskier than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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