LGLIX vs. MGDIX
Compare and contrast key facts about Lord Abbett Growth Leaders Fund (LGLIX) and MainStay Growth Allocation Fund (MGDIX).
LGLIX is managed by Lord Abbett. It was launched on Jun 30, 2011. MGDIX is managed by New York Life Investments. It was launched on Apr 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGLIX or MGDIX.
Key characteristics
| LGLIX | MGDIX | |
|---|---|---|
| YTD Return | 23.26% | 9.93% |
| 1Y Return | 36.65% | 17.88% |
| 3Y Return (Ann) | 0.04% | 3.93% |
| 5Y Return (Ann) | 16.14% | 8.85% |
| 10Y Return (Ann) | 14.34% | 6.75% |
| Sharpe Ratio | 1.60 | 1.74 |
| Daily Std Dev | 22.59% | 10.19% |
| Max Drawdown | -55.73% | -47.96% |
| Current Drawdown | -25.67% | -0.48% |
Correlation
The correlation between LGLIX and MGDIX is 0.82, 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.
Performance
LGLIX vs. MGDIX - Performance Comparison
In the year-to-date period, LGLIX achieves a 23.26% return, which is significantly higher than MGDIX's 9.93% return. Over the past 10 years, LGLIX has outperformed MGDIX with an annualized return of 14.34%, while MGDIX has yielded a comparatively lower 6.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LGLIX vs. MGDIX - Expense Ratio Comparison
LGLIX has a 0.64% expense ratio, which is higher than MGDIX's 0.10% expense ratio.
Risk-Adjusted Performance
LGLIX vs. MGDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Leaders Fund (LGLIX) and MainStay Growth Allocation Fund (MGDIX). 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.
Dividends
LGLIX vs. MGDIX - Dividend Comparison
LGLIX has not paid dividends to shareholders, while MGDIX's dividend yield for the trailing twelve months is around 0.99%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLIX Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 23.83% | 9.27% | 9.03% | 19.82% | 6.46% | 0.00% | 4.84% | 5.82% | 6.37% |
MGDIX MainStay Growth Allocation Fund | 0.99% | 1.09% | 7.62% | 11.17% | 5.44% | 4.58% | 11.08% | 5.36% | 3.90% | 5.77% | 6.65% | 2.16% |
Drawdowns
LGLIX vs. MGDIX - Drawdown Comparison
The maximum LGLIX drawdown since its inception was -55.73%, which is greater than MGDIX's maximum drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for LGLIX and MGDIX. For additional features, visit the drawdowns tool.
Volatility
LGLIX vs. MGDIX - Volatility Comparison
Lord Abbett Growth Leaders Fund (LGLIX) has a higher volatility of 7.28% compared to MainStay Growth Allocation Fund (MGDIX) at 3.10%. This indicates that LGLIX's price experiences larger fluctuations and is considered to be riskier than MGDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.