Correlation
The correlation between MLAAX and LGLIX is 0.86, 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.
MLAAX vs. LGLIX
Compare and contrast key facts about MainStay Winslow Large Cap Growth Fund (MLAAX) and Lord Abbett Growth Leaders Fund (LGLIX).
MLAAX is managed by New York Life Investments. It was launched on Jul 3, 1995. 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: MLAAX or LGLIX.
Performance
MLAAX vs. LGLIX - Performance Comparison
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Key characteristics
MLAAX:
0.62
LGLIX:
0.66
MLAAX:
1.00
LGLIX:
1.09
MLAAX:
1.14
LGLIX:
1.15
MLAAX:
0.69
LGLIX:
0.72
MLAAX:
2.35
LGLIX:
2.15
MLAAX:
6.67%
LGLIX:
9.73%
MLAAX:
25.83%
LGLIX:
31.12%
MLAAX:
-48.85%
LGLIX:
-45.95%
MLAAX:
-2.48%
LGLIX:
-8.88%
Returns By Period
In the year-to-date period, MLAAX achieves a 2.83% return, which is significantly higher than LGLIX's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with MLAAX having a 14.81% annualized return and LGLIX not far ahead at 15.06%.
MLAAX
2.83%
10.21%
2.28%
15.87%
20.93%
15.68%
14.81%
LGLIX
-0.68%
9.89%
-1.04%
20.34%
17.48%
14.24%
15.06%
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MLAAX vs. LGLIX - Expense Ratio Comparison
MLAAX has a 0.93% expense ratio, which is higher than LGLIX's 0.64% expense ratio.
Risk-Adjusted Performance
MLAAX vs. LGLIX — Risk-Adjusted Performance Rank
MLAAX
LGLIX
MLAAX vs. LGLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Winslow Large Cap Growth Fund (MLAAX) 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.
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Dividends
MLAAX vs. LGLIX - Dividend Comparison
MLAAX's dividend yield for the trailing twelve months is around 21.91%, while LGLIX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLAAX MainStay Winslow Large Cap Growth Fund | 21.91% | 22.53% | 10.61% | 14.96% | 26.64% | 5.41% | 11.55% | 23.59% | 17.20% | 13.18% | 13.61% | 10.53% |
LGLIX Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 0.00% | 23.83% | 9.27% | 9.03% | 19.82% | 6.46% | 0.00% | 4.84% | 5.82% |
Drawdowns
MLAAX vs. LGLIX - Drawdown Comparison
The maximum MLAAX drawdown since its inception was -48.85%, which is greater than LGLIX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for MLAAX and LGLIX.
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Volatility
MLAAX vs. LGLIX - Volatility Comparison
The current volatility for MainStay Winslow Large Cap Growth Fund (MLAAX) is 5.66%, while Lord Abbett Growth Leaders Fund (LGLIX) has a volatility of 5.96%. This indicates that MLAAX experiences smaller price fluctuations and is considered to be less risky than LGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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