LGLIX vs. MLAAX
Compare and contrast key facts about Lord Abbett Growth Leaders Fund (LGLIX) and MainStay Winslow Large Cap Growth Fund (MLAAX).
LGLIX is managed by Lord Abbett. It was launched on Jun 30, 2011. MLAAX is managed by New York Life Investments. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGLIX or MLAAX.
Correlation
The correlation between LGLIX and MLAAX is 0.94, 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. MLAAX - Performance Comparison
Key characteristics
LGLIX:
2.22
MLAAX:
0.35
LGLIX:
2.88
MLAAX:
0.56
LGLIX:
1.38
MLAAX:
1.11
LGLIX:
1.20
MLAAX:
0.21
LGLIX:
12.78
MLAAX:
1.77
LGLIX:
3.95%
MLAAX:
5.23%
LGLIX:
22.71%
MLAAX:
26.05%
LGLIX:
-55.73%
MLAAX:
-55.55%
LGLIX:
-10.72%
MLAAX:
-37.48%
Returns By Period
In the year-to-date period, LGLIX achieves a 48.06% return, which is significantly higher than MLAAX's 7.79% return. Over the past 10 years, LGLIX has outperformed MLAAX with an annualized return of 8.66%, while MLAAX has yielded a comparatively lower -0.41% annualized return.
LGLIX
48.06%
1.91%
19.28%
48.45%
11.74%
8.66%
MLAAX
7.79%
-16.68%
-10.69%
7.91%
1.13%
-0.41%
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LGLIX vs. MLAAX - Expense Ratio Comparison
LGLIX has a 0.64% expense ratio, which is lower than MLAAX's 0.93% expense ratio.
Risk-Adjusted Performance
LGLIX vs. MLAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Leaders Fund (LGLIX) 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.
Dividends
LGLIX vs. MLAAX - Dividend Comparison
Neither LGLIX nor MLAAX has paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|---|
Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.02% |
MainStay Winslow Large Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LGLIX vs. MLAAX - Drawdown Comparison
The maximum LGLIX drawdown since its inception was -55.73%, roughly equal to the maximum MLAAX drawdown of -55.55%. Use the drawdown chart below to compare losses from any high point for LGLIX and MLAAX. For additional features, visit the drawdowns tool.
Volatility
LGLIX vs. MLAAX - Volatility Comparison
The current volatility for Lord Abbett Growth Leaders Fund (LGLIX) is 6.99%, while MainStay Winslow Large Cap Growth Fund (MLAAX) has a volatility of 20.82%. This indicates that LGLIX experiences smaller price fluctuations and is considered to be less risky than MLAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.