MEGI vs. LVAGX

Last updated Jun 3, 2026

MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) and LVAGX (LSV Global Value Fund) are both Global Equities funds. Over the past 3 years, MEGI returned 14.51%/yr vs 24.21%/yr for LVAGX. A 0.51 correlation means they provide meaningful diversification when combined. MEGI charges 0.02%/yr vs 1.15%/yr for LVAGX.

Performance

MEGI vs. LVAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and LSV Global Value Fund (LVAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEGI achieves a 15.16% return, which is significantly lower than LVAGX's 24.84% return.

MEGI

• 1D: 1.06%
• 1M: -1.57%
• YTD: 15.16%
• 6M: 14.64%
• 1Y: 18.86%
• 3Y*: 14.51%
• 5Y*: —
• 10Y*: —

LVAGX

• 1D: 1.08%
• 1M: 8.99%
• YTD: 24.84%
• 6M: 27.99%
• 1Y: 47.50%
• 3Y*: 24.21%
• 5Y*: 13.16%
• 10Y*: 11.83%

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

MEGI vs. LVAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund	15.16%	26.19%	5.19%	5.52%	-23.32%	-3.50%
LVAGX LSV Global Value Fund	24.84%	26.84%	6.86%	18.76%	-8.44%	2.53%

Correlation

The correlation between MEGI and LVAGX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.51

The correlation between MEGI and LVAGX shifts across timeframes, from 0.37 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MEGI vs. LVAGX — Risk / Return Rank

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

MEGI

MEGI Risk / Return Rank: 22
MEGI Sharpe Ratio Rank: 21
MEGI Sortino Ratio Rank: 21
MEGI Omega Ratio Rank: 20
MEGI Calmar Ratio Rank: 29
MEGI Martin Ratio Rank: 18

LVAGX

LVAGX Risk / Return Rank: 96
LVAGX Sharpe Ratio Rank: 98
LVAGX Sortino Ratio Rank: 95
LVAGX Omega Ratio Rank: 92
LVAGX Calmar Ratio Rank: 97
LVAGX Martin Ratio Rank: 97

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.

MEGI vs. LVAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and LSV Global Value Fund (LVAGX). 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.

	MEGI	LVAGX	Difference
Sharpe ratio Return per unit of total volatility	1.35	3.81	-2.46
Sortino ratio Return per unit of downside risk	1.99	5.15	-3.16
Omega ratio Gain probability vs. loss probability	1.24	1.69	-0.45
Calmar ratio Return relative to maximum drawdown	2.07	6.80	-4.73
Martin ratio Return relative to average drawdown	5.15	25.79	-20.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEGI vs. LVAGX - Sharpe Ratio Comparison

The current MEGI Sharpe Ratio is 1.35, which is lower than the LVAGX Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of MEGI and LVAGX, 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

	MEGI	LVAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	3.81	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.60	-0.40

Drawdowns

MEGI vs. LVAGX - Drawdown Comparison

The maximum MEGI drawdown since its inception was -39.48%, smaller than the maximum LVAGX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for MEGI and LVAGX.

Drawdown Indicators

	MEGI	LVAGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.48%	-42.32%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-7.03%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	-16.13%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.32%	—
Current Drawdown Current decline from peak	-1.60%	0.00%	-1.60%
Average Drawdown Average peak-to-trough decline	-14.67%	-7.02%	-7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	1.85%	+1.98%

Volatility

MEGI vs. LVAGX - Volatility Comparison

The current volatility for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is 3.84%, while LSV Global Value Fund (LVAGX) has a volatility of 4.31%. This indicates that MEGI experiences smaller price fluctuations and is considered to be less risky than LVAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEGI	LVAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	4.31%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	9.74%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	12.70%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.87%	15.32%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	16.95%	+2.92%

MEGI vs. LVAGX - Expense Ratio Comparison

MEGI has a 0.02% expense ratio, which is lower than LVAGX's 1.15% expense ratio.

Dividends

MEGI vs. LVAGX - Dividend Comparison

MEGI's dividend yield for the trailing twelve months is around 9.87%, more than LVAGX's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVAGX LSV Global Value Fund	5.11%	6.38%	2.44%	2.69%	1.52%	2.04%	1.66%	1.99%	4.71%	1.86%	2.54%	2.35%
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund	9.87%	10.90%	12.33%	10.66%	9.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEGI and LVAGX in my portfolio?

MEGI and LVAGX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEGI or LVAGX?

LVAGX has higher volatility (4.31%) compared to MEGI (3.84%). In terms of maximum drawdown, MEGI dropped -39.48% vs LVAGX's -42.32%.

Which has better risk-adjusted returns?

LVAGX currently has the higher Sharpe Ratio (3.81 vs 1.35), 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.