MLAAX vs. LGLIX

In the year-to-date period, MLAAX achieves a 9.90% return, which is significantly lower than LGLIX's 50.89% return. Over the past 10 years, MLAAX has underperformed LGLIX with an annualized return of -0.32%, while LGLIX has yielded a comparatively higher 8.78% annualized return.

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MLAAX has a 0.93% expense ratio, which is higher than LGLIX's 0.64% expense ratio.

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.

The current MLAAX Sharpe Ratio is 0.38, which is lower than the LGLIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of MLAAX and LGLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Neither MLAAX nor LGLIX has paid dividends to shareholders.

The maximum MLAAX drawdown since its inception was -55.55%, roughly equal to the maximum LGLIX drawdown of -55.73%. Use the drawdown chart below to compare losses from any high point for MLAAX and LGLIX. For additional features, visit the drawdowns tool.

MainStay Winslow Large Cap Growth Fund (MLAAX) has a higher volatility of 20.95% compared to Lord Abbett Growth Leaders Fund (LGLIX) at 7.03%. This indicates that MLAAX'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.