MGDIX vs. LGLIX
Compare and contrast key facts about MainStay Growth Allocation Fund (MGDIX) and Lord Abbett Growth Leaders Fund (LGLIX).
MGDIX is managed by New York Life Investments. It was launched on Apr 3, 2005. LGLIX is managed by Lord Abbett. It was launched on Jun 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGDIX or LGLIX.
Correlation
The correlation between MGDIX and LGLIX is 0.81, 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
MGDIX vs. LGLIX - Performance Comparison
Key characteristics
MGDIX:
0.13
LGLIX:
1.85
MGDIX:
0.24
LGLIX:
2.47
MGDIX:
1.04
LGLIX:
1.32
MGDIX:
0.13
LGLIX:
1.10
MGDIX:
0.61
LGLIX:
10.60
MGDIX:
2.86%
LGLIX:
3.99%
MGDIX:
13.00%
LGLIX:
22.93%
MGDIX:
-47.96%
LGLIX:
-55.73%
MGDIX:
-12.81%
LGLIX:
-12.93%
Returns By Period
In the year-to-date period, MGDIX achieves a -0.78% return, which is significantly lower than LGLIX's -0.40% return. Over the past 10 years, MGDIX has underperformed LGLIX with an annualized return of 6.07%, while LGLIX has yielded a comparatively higher 8.64% annualized return.
MGDIX
-0.78%
-11.44%
-7.55%
1.27%
5.56%
6.07%
LGLIX
-0.40%
-3.83%
13.96%
41.57%
10.12%
8.64%
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MGDIX vs. LGLIX - Expense Ratio Comparison
MGDIX has a 0.10% expense ratio, which is lower than LGLIX's 0.64% expense ratio.
Risk-Adjusted Performance
MGDIX vs. LGLIX — Risk-Adjusted Performance Rank
MGDIX
LGLIX
MGDIX vs. LGLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Growth Allocation Fund (MGDIX) and Lord Abbett Growth Leaders Fund (LGLIX). 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
MGDIX vs. LGLIX - Dividend Comparison
Neither MGDIX nor LGLIX has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGDIX MainStay Growth Allocation Fund | 0.00% | 0.00% | 0.95% | 1.30% | 4.23% | 1.29% | 2.02% | 2.55% | 2.54% | 1.65% | 1.76% | 2.15% |
LGLIX Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MGDIX vs. LGLIX - Drawdown Comparison
The maximum MGDIX drawdown since its inception was -47.96%, smaller than the maximum LGLIX drawdown of -55.73%. Use the drawdown chart below to compare losses from any high point for MGDIX and LGLIX. For additional features, visit the drawdowns tool.
Volatility
MGDIX vs. LGLIX - Volatility Comparison
MainStay Growth Allocation Fund (MGDIX) has a higher volatility of 9.12% compared to Lord Abbett Growth Leaders Fund (LGLIX) at 7.78%. This indicates that MGDIX's price experiences larger fluctuations and is considered to be riskier than LGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.