MLAAX vs. TSLX
Compare and contrast key facts about MainStay Winslow Large Cap Growth Fund (MLAAX) and Sixth Street Specialty Lending, Inc. (TSLX).
MLAAX is managed by New York Life Investments. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLAAX or TSLX.
Correlation
The correlation between MLAAX and TSLX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MLAAX vs. TSLX - Performance Comparison
Key characteristics
MLAAX:
0.38
TSLX:
0.77
MLAAX:
0.58
TSLX:
1.14
MLAAX:
1.12
TSLX:
1.14
MLAAX:
0.22
TSLX:
1.24
MLAAX:
1.74
TSLX:
3.57
MLAAX:
5.61%
TSLX:
3.00%
MLAAX:
26.07%
TSLX:
13.89%
MLAAX:
-55.55%
TSLX:
-50.27%
MLAAX:
-36.26%
TSLX:
-0.19%
Returns By Period
The year-to-date returns for both investments are quite close, with MLAAX having a 9.90% return and TSLX slightly higher at 10.17%. Over the past 10 years, MLAAX has underperformed TSLX with an annualized return of -0.32%, while TSLX has yielded a comparatively higher 13.98% annualized return.
MLAAX
9.90%
-16.20%
-9.52%
9.66%
1.35%
-0.32%
TSLX
10.17%
3.22%
3.76%
9.46%
12.64%
13.98%
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Risk-Adjusted Performance
MLAAX vs. TSLX - Risk-Adjusted Performance 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.
Dividends
MLAAX vs. TSLX - Dividend Comparison
MLAAX has not paid dividends to shareholders, while TSLX's dividend yield for the trailing twelve months is around 12.09%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
MainStay Winslow Large Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Sixth Street Specialty Lending, Inc. | 12.09% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 10.81% | 8.35% | 9.62% | 9.10% |
Drawdowns
MLAAX vs. TSLX - Drawdown Comparison
The maximum MLAAX drawdown since its inception was -55.55%, 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. For additional features, visit the drawdowns tool.
Volatility
MLAAX vs. TSLX - Volatility Comparison
MainStay Winslow Large Cap Growth Fund (MLAAX) has a higher volatility of 20.95% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 3.78%. This indicates that MLAAX's price experiences larger fluctuations and is considered to be riskier than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.