LGLIX vs. MGDIX

Last updated Jun 23, 2026

LGLIX (Lord Abbett Growth Leaders Fund) and MGDIX (MainStay Growth Allocation Fund) are both mutual funds - LGLIX is a Large Cap Growth Equities fund managed by Lord Abbett, while MGDIX is a Diversified Portfolio fund managed by New York Life. Over the past 10 years, LGLIX returned 18.22%/yr vs 8.76%/yr for MGDIX. Their correlation of 0.81 suggests significant overlap in exposure. LGLIX charges 0.64%/yr vs 0.10%/yr for MGDIX.

Performance

LGLIX vs. MGDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Growth Leaders Fund (LGLIX) and MainStay Growth Allocation Fund (MGDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGLIX achieves a 9.43% return, which is significantly lower than MGDIX's 10.48% return. Over the past 10 years, LGLIX has outperformed MGDIX with an annualized return of 18.22%, while MGDIX has yielded a comparatively lower 8.76% annualized return.

LGLIX

• 1D: 2.48%
• 1M: 3.07%
• YTD: 9.43%
• 6M: 8.06%
• 1Y: 25.06%
• 3Y*: 26.79%
• 5Y*: 10.62%
• 10Y*: 18.22%

MGDIX

• 1D: 0.95%
• 1M: 1.85%
• YTD: 10.48%
• 6M: 9.99%
• 1Y: 22.27%
• 3Y*: 13.33%
• 5Y*: 7.55%
• 10Y*: 8.76%

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

LGLIX vs. MGDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLIX Lord Abbett Growth Leaders Fund	9.43%	16.49%	44.97%	33.29%	-38.73%	8.62%	77.55%	35.02%	-1.08%	31.64%
MGDIX MainStay Growth Allocation Fund	10.48%	12.70%	9.98%	14.52%	-14.25%	16.64%	13.78%	21.36%	-11.50%	15.15%

Correlation

The correlation between LGLIX and MGDIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 29, 2011	0.81

The correlation between LGLIX and MGDIX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

LGLIX vs. MGDIX — Risk / Return Rank

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

LGLIX

LGLIX Risk / Return Rank: 15
LGLIX Sharpe Ratio Rank: 17
LGLIX Sortino Ratio Rank: 15
LGLIX Omega Ratio Rank: 17
LGLIX Calmar Ratio Rank: 13
LGLIX Martin Ratio Rank: 12

MGDIX

MGDIX Risk / Return Rank: 61
MGDIX Sharpe Ratio Rank: 60
MGDIX Sortino Ratio Rank: 58
MGDIX Omega Ratio Rank: 58
MGDIX Calmar Ratio Rank: 59
MGDIX Martin Ratio Rank: 68

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.

LGLIX vs. MGDIX - Risk-Adjusted Trends 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.

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.

	LGLIX	MGDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.10	-1.02
Sortino ratio: Return per unit of downside risk	1.52	2.92	-1.40
Omega ratio: Gain probability vs. loss probability	1.20	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.15	2.82	-1.67
Martin ratio: Return relative to average drawdown	3.29	12.31	-9.02

LGLIX vs. MGDIX - Sharpe Ratio Comparison

The current LGLIX Sharpe Ratio is 1.08, which is lower than the MGDIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of LGLIX and MGDIX, 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

LGLIX vs. MGDIX - Drawdown Comparison

The maximum LGLIX drawdown since its inception was -45.95%, roughly equal to the maximum MGDIX drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for LGLIX and MGDIX.

Drawdown Indicators

	LGLIX	MGDIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.95%	-46.05%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-21.01%	-7.84%	-13.17%
Max Drawdown (3Y) Largest decline over 3 years	-29.25%	-15.67%	-13.58%
Max Drawdown (5Y) Largest decline over 5 years	-45.95%	-22.24%	-23.71%
Max Drawdown (10Y) Largest decline over 10 years	-45.95%	-30.13%	-15.82%
Current Drawdown Current decline from peak	-0.94%	-0.17%	-0.77%
Average Drawdown Average peak-to-trough decline	-9.32%	-6.22%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.32%	1.79%	+5.53%

Volatility

LGLIX vs. MGDIX - Volatility Comparison

Lord Abbett Growth Leaders Fund (LGLIX) has a higher volatility of 8.52% compared to MainStay Growth Allocation Fund (MGDIX) at 3.97%. 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.

Volatility by Period

	LGLIX	MGDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	3.97%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	8.56%	+8.78%
Volatility (1Y) Calculated over the trailing 1-year period	22.33%	10.51%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.05%	13.29%	+12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.90%	14.14%	+10.76%

LGLIX vs. MGDIX - Expense Ratio Comparison

LGLIX has a 0.64% expense ratio, which is higher than MGDIX's 0.10% expense ratio.

Dividends

LGLIX vs. MGDIX - Dividend Comparison

LGLIX's dividend yield for the trailing twelve months is around 1.82%, less than MGDIX's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGLIX Lord Abbett Growth Leaders Fund	1.82%	1.99%	0.00%	0.00%	0.00%	23.83%	9.27%	8.01%	19.82%	6.46%	0.00%	4.84%
MGDIX MainStay Growth Allocation Fund	4.62%	5.11%	8.27%	0.14%	7.62%	11.17%	5.44%	4.58%	11.08%	2.83%	2.25%	5.77%

Frequently Asked Questions

Can I hold both LGLIX and MGDIX in my portfolio?

LGLIX and MGDIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGLIX or MGDIX?

LGLIX has higher volatility (8.52%) compared to MGDIX (3.97%). In terms of maximum drawdown, LGLIX dropped -45.95% vs MGDIX's -46.05%.

Which has better risk-adjusted returns?

MGDIX currently has the higher Sharpe Ratio (2.10 vs 1.08), 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.