MLAAX vs. BKLC
Compare and contrast key facts about MainStay Winslow Large Cap Growth Fund (MLAAX) and BNY Mellon US Large Cap Core Equity ETF (BKLC).
MLAAX is managed by New York Life Investments. It was launched on Jul 3, 1995. BKLC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLAAX or BKLC.
Performance
MLAAX vs. BKLC - Performance Comparison
Returns By Period
In the year-to-date period, MLAAX achieves a 29.92% return, which is significantly higher than BKLC's 27.33% return.
MLAAX
29.92%
4.38%
13.07%
23.21%
3.49%
0.45%
BKLC
27.33%
3.64%
13.84%
33.73%
N/A
N/A
Key characteristics
| MLAAX | BKLC | |
|---|---|---|
| Sharpe Ratio | 1.11 | 2.75 |
| Sortino Ratio | 1.43 | 3.69 |
| Omega Ratio | 1.23 | 1.50 |
| Calmar Ratio | 0.51 | 4.01 |
| Martin Ratio | 5.70 | 18.07 |
| Ulcer Index | 4.07% | 1.87% |
| Daily Std Dev | 20.99% | 12.27% |
| Max Drawdown | -55.55% | -26.14% |
| Current Drawdown | -24.65% | -0.36% |
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MLAAX vs. BKLC - Expense Ratio Comparison
MLAAX has a 0.93% expense ratio, which is higher than BKLC's 0.00% expense ratio.
Correlation
The correlation between MLAAX and BKLC is 0.92, 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.
Risk-Adjusted Performance
MLAAX vs. BKLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Winslow Large Cap Growth Fund (MLAAX) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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
MLAAX vs. BKLC - Dividend Comparison
MLAAX has not paid dividends to shareholders, while BKLC's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MLAAX MainStay Winslow Large Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.19% | 1.35% | 1.64% | 1.10% | 0.84% |
Drawdowns
MLAAX vs. BKLC - Drawdown Comparison
The maximum MLAAX drawdown since its inception was -55.55%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for MLAAX and BKLC. For additional features, visit the drawdowns tool.
Volatility
MLAAX vs. BKLC - Volatility Comparison
MainStay Winslow Large Cap Growth Fund (MLAAX) has a higher volatility of 5.57% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 4.10%. This indicates that MLAAX's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.