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MLAAX vs. TSLX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.3

Performance

MLAAX vs. TSLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Winslow Large Cap Growth Fund (MLAAX) and Sixth Street Specialty Lending, Inc. (TSLX). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-8.94%
3.76%
MLAAX
TSLX

Key characteristics

Sharpe Ratio

MLAAX:

0.38

TSLX:

0.77

Sortino Ratio

MLAAX:

0.58

TSLX:

1.14

Omega Ratio

MLAAX:

1.12

TSLX:

1.14

Calmar Ratio

MLAAX:

0.22

TSLX:

1.24

Martin Ratio

MLAAX:

1.74

TSLX:

3.57

Ulcer Index

MLAAX:

5.61%

TSLX:

3.00%

Daily Std Dev

MLAAX:

26.07%

TSLX:

13.89%

Max Drawdown

MLAAX:

-55.55%

TSLX:

-50.27%

Current Drawdown

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

YTD

9.90%

1M

-16.20%

6M

-9.52%

1Y

9.66%

5Y*

1.35%

10Y*

-0.32%

TSLX

YTD

10.17%

1M

3.22%

6M

3.76%

1Y

9.46%

5Y*

12.64%

10Y*

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.


Sharpe ratio
The chart of Sharpe ratio for MLAAX, currently valued at 0.38, compared to the broader market-1.000.001.002.003.004.000.380.77
The chart of Sortino ratio for MLAAX, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.0010.000.581.14
The chart of Omega ratio for MLAAX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.14
The chart of Calmar ratio for MLAAX, currently valued at 0.22, compared to the broader market0.002.004.006.008.0010.0012.000.221.24
The chart of Martin ratio for MLAAX, currently valued at 1.74, compared to the broader market0.0010.0020.0030.0040.0050.0060.001.743.57
MLAAX
TSLX

The current MLAAX Sharpe Ratio is 0.38, which is lower than the TSLX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of MLAAX and TSLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.38
0.77
MLAAX
TSLX

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%.


TTM2023202220212020201920182017201620152014
MLAAX
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%
TSLX
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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-36.26%
-0.19%
MLAAX
TSLX

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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
20.95%
3.78%
MLAAX
TSLX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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