MECVX vs. VTWAX

Last updated Jun 5, 2026

MECVX (MainStay Epoch Capital Growth Fund) and VTWAX (Vanguard Total World Stock Index Fund Admiral Shares) are both Global Equities funds. Over the past 5 years, MECVX returned 9.34%/yr vs 10.98%/yr for VTWAX. Their correlation of 0.94 suggests significant overlap in exposure. MECVX charges 1.39%/yr vs 0.09%/yr for VTWAX.

Performance

MECVX vs. VTWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Epoch Capital Growth Fund (MECVX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MECVX achieves a 7.30% return, which is significantly lower than VTWAX's 12.29% return.

MECVX

• 1D: 0.30%
• 1M: 2.30%
• YTD: 7.30%
• 6M: 6.74%
• 1Y: 17.59%
• 3Y*: 14.93%
• 5Y*: 9.34%
• 10Y*: —

VTWAX

• 1D: -0.76%
• 1M: 3.90%
• YTD: 12.29%
• 6M: 13.02%
• 1Y: 29.00%
• 3Y*: 20.96%
• 5Y*: 10.98%
• 10Y*: —

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

MECVX vs. VTWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MECVX MainStay Epoch Capital Growth Fund	7.30%	13.10%	10.52%	29.35%	-19.63%	25.00%	29.21%	24.35%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	12.29%	22.43%	16.43%	21.85%	-18.02%	18.17%	16.67%	17.53%

Correlation

The correlation between MECVX and VTWAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.94

The correlation between MECVX and VTWAX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

MECVX vs. VTWAX — Risk / Return Rank

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

MECVX

MECVX Risk / Return Rank: 27
MECVX Sharpe Ratio Rank: 27
MECVX Sortino Ratio Rank: 26
MECVX Omega Ratio Rank: 26
MECVX Calmar Ratio Rank: 25
MECVX Martin Ratio Rank: 33

VTWAX

VTWAX Risk / Return Rank: 63
VTWAX Sharpe Ratio Rank: 64
VTWAX Sortino Ratio Rank: 60
VTWAX Omega Ratio Rank: 59
VTWAX Calmar Ratio Rank: 62
VTWAX Martin Ratio Rank: 71

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.

MECVX vs. VTWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch Capital Growth Fund (MECVX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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.

	MECVX	VTWAX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.38	-0.92
Sortino ratio: Return per unit of downside risk	2.07	3.27	-1.20
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.17
Calmar ratio: Return relative to maximum drawdown	1.81	3.05	-1.24
Martin ratio: Return relative to average drawdown	7.18	13.64	-6.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MECVX vs. VTWAX - Sharpe Ratio Comparison

The current MECVX Sharpe Ratio is 1.46, which is lower than the VTWAX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of MECVX and VTWAX, 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

	MECVX	VTWAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.38	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.70	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.77	+0.06

Drawdowns

MECVX vs. VTWAX - Drawdown Comparison

The maximum MECVX drawdown since its inception was -30.36%, smaller than the maximum VTWAX drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for MECVX and VTWAX.

Drawdown Indicators

	MECVX	VTWAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.36%	-34.20%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-9.64%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-16.43%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	-26.40%	-3.11%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-4.93%	-5.30%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.15%	+0.38%

Volatility

MECVX vs. VTWAX - Volatility Comparison

The current volatility for MainStay Epoch Capital Growth Fund (MECVX) is 2.64%, while Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) has a volatility of 3.64%. This indicates that MECVX experiences smaller price fluctuations and is considered to be less risky than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MECVX	VTWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	3.64%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	9.84%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	12.39%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.42%	15.72%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	18.20%	-1.37%

MECVX vs. VTWAX - Expense Ratio Comparison

MECVX has a 1.39% expense ratio, which is higher than VTWAX's 0.09% expense ratio.

Dividends

MECVX vs. VTWAX - Dividend Comparison

MECVX's dividend yield for the trailing twelve months is around 7.57%, more than VTWAX's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MECVX MainStay Epoch Capital Growth Fund	7.57%	8.12%	4.30%	0.32%	1.01%	28.36%	19.49%	9.87%	7.96%	3.31%	0.22%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.57%	1.80%	1.92%	2.06%	2.17%	1.79%	1.64%	2.28%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MECVX and VTWAX in my portfolio?

With a correlation of 0.92, MECVX and VTWAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MECVX or VTWAX?

VTWAX has higher volatility (3.64%) compared to MECVX (2.64%). In terms of maximum drawdown, MECVX dropped -30.36% vs VTWAX's -34.20%.

Which has better risk-adjusted returns?

VTWAX currently has the higher Sharpe Ratio (2.38 vs 1.46), 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.