MLAAX vs. TSLX
MLAAX (MainStay Winslow Large Cap Growth Fund) is Large Cap Growth Equities fund managed by New York Life, while TSLX (Sixth Street Specialty Lending, Inc.) is a stock. Over the past 10 years, MLAAX returned 15.86%/yr vs 10.76%/yr for TSLX. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
MLAAX vs. TSLX - Performance Comparison
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Returns By Period
In the year-to-date period, MLAAX achieves a -0.57% return, which is significantly higher than TSLX's -16.79% return. Over the past 10 years, MLAAX has outperformed TSLX with an annualized return of 15.86%, while TSLX has yielded a comparatively lower 10.76% annualized return.
MLAAX
- 1D
- 2.82%
- 1M
- -3.21%
- 6M
- 2.10%
- YTD
- -0.57%
- 1Y
- 3.77%
- 3Y*
- 17.33%
- 5Y*
- 8.73%
- 10Y*
- 15.86%
- ALL TIME*
- 5.58%
TSLX
- 1D
- -0.46%
- 1M
- -0.75%
- 6M
- -17.66%
- YTD
- -16.79%
- 1Y
- -21.10%
- 3Y*
- 4.64%
- 5Y*
- 4.06%
- 10Y*
- 10.76%
- ALL TIME*
- 11.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.89M | $8.57M | $12.27M |
MLAAX vs. TSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLAAX MainStay Winslow Large Cap Growth Fund | -0.57% | 14.20% | 28.95% | 43.10% | -31.51% | 25.00% | 36.95% | 33.18% | 3.81% | 32.19% |
TSLX Sixth Street Specialty Lending, Inc. | -16.79% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
Correlation
The correlation between MLAAX and TSLX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.32 |
The correlation between MLAAX and TSLX shifts across timeframes, from 0.17 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MLAAX vs. TSLX — Risk / Return Rank
MLAAX
TSLX
MLAAX vs. TSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Winslow Large Cap Growth Fund (MLAAX) and Sixth Street Specialty Lending, Inc. (TSLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MLAAX | TSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.86 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.79 | +0.88 |
| Martin ratioReturn relative to average drawdown | 0.24 | -1.32 | +1.57 |
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Drawdowns
MLAAX vs. TSLX - Drawdown Comparison
The maximum MLAAX drawdown since its inception was -83.01%, which is greater than TSLX's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for MLAAX and TSLX.
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Drawdown Indicators
| MLAAX | TSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -50.27% | -32.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.28% | -28.25% | +7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -35.43% | -29.05% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -29.05% | -10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -50.27% | +10.91% |
Current DrawdownCurrent decline from peak | -10.23% | -24.84% | +14.61% |
Average DrawdownAverage peak-to-trough decline | -38.64% | -9.28% | -29.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 16.89% | -9.79% |
Volatility
MLAAX vs. TSLX - Volatility Comparison
The current volatility for MainStay Winslow Large Cap Growth Fund (MLAAX) is 6.33%, while Sixth Street Specialty Lending, Inc. (TSLX) has a volatility of 7.53%. This indicates that MLAAX experiences smaller price fluctuations and is considered to be less risky than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLAAX | TSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 7.53% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 21.68% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 25.78% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.92% | 19.69% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.85% | 21.65% | +4.20% |
Dividends
MLAAX vs. TSLX - Dividend Comparison
MLAAX's dividend yield for the trailing twelve months is around 24.51%, more than TSLX's 11.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLAAX MainStay Winslow Large Cap Growth Fund | 24.51% | 24.37% | 22.54% | 10.59% | 14.95% | 26.64% | 5.40% | 11.55% | 23.59% | 17.20% | 13.18% | 13.61% |
TSLX Sixth Street Specialty Lending, Inc. | 11.01% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Frequently Asked Questions
MLAAX and TSLX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLX has higher volatility (7.53%) compared to MLAAX (6.33%). In terms of maximum drawdown, MLAAX dropped -83.01% vs TSLX's -50.27%.
MLAAX currently has the higher Sharpe Ratio (0.09 vs -0.87), 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.
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