MLAIX vs. FIFGX

Last updated Jun 24, 2026

MLAIX (NYLI Winslow Large Cap Growth Fund Class I) and FIFGX (Fidelity SAI Inflation-Focused) are both mutual funds - MLAIX is a Large Cap Growth Equities fund actively managed by NYLI, while FIFGX is a Commodities fund managed by Fidelity. Over the past 5 years, MLAIX returned 11.54%/yr vs 73.98%/yr for FIFGX. At a 0.15 correlation, their price movements are largely independent. MLAIX charges 0.69%/yr vs 0.39%/yr for FIFGX.

Performance

MLAIX vs. FIFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Large Cap Growth Fund Class I (MLAIX) and Fidelity SAI Inflation-Focused (FIFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLAIX achieves a 5.33% return, which is significantly lower than FIFGX's 31.86% return.

MLAIX

• 1D: -0.66%
• 1M: 2.38%
• YTD: 5.33%
• 6M: 3.97%
• 1Y: 13.60%
• 3Y*: 22.12%
• 5Y*: 11.54%
• 10Y*: 17.73%

FIFGX

• 1D: -0.82%
• 1M: -10.27%
• YTD: 31.86%
• 6M: 27.90%
• 1Y: 33.16%
• 3Y*: 143.41%
• 5Y*: 73.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MLAIX vs. FIFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MLAIX NYLI Winslow Large Cap Growth Fund Class I	5.33%	14.60%	29.26%	43.32%	-31.27%	25.21%	37.37%	33.47%	0.60%
FIFGX Fidelity SAI Inflation-Focused	31.86%	7.44%	6.34%	781.04%	9.30%	32.92%	1.48%	9.32%	-2.00%

Correlation

The correlation between MLAIX and FIFGX is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018	0.15

The correlation between MLAIX and FIFGX shifts across timeframes, from -0.19 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MLAIX vs. FIFGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLAIX

MLAIX Risk / Return Rank: 10
MLAIX Sharpe Ratio Rank: 12
MLAIX Sortino Ratio Rank: 11
MLAIX Omega Ratio Rank: 11
MLAIX Calmar Ratio Rank: 8
MLAIX Martin Ratio Rank: 8

FIFGX

FIFGX Risk / Return Rank: 28
FIFGX Sharpe Ratio Rank: 23
FIFGX Sortino Ratio Rank: 22
FIFGX Omega Ratio Rank: 23
FIFGX Calmar Ratio Rank: 33
FIFGX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLAIX vs. FIFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Large Cap Growth Fund Class I (MLAIX) and Fidelity SAI Inflation-Focused (FIFGX). 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.

	MLAIX	FIFGX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.29	-0.43
Sortino ratio: Return per unit of downside risk	1.27	1.81	-0.54
Omega ratio: Gain probability vs. loss probability	1.16	1.23	-0.07
Calmar ratio: Return relative to maximum drawdown	0.75	2.05	-1.30
Martin ratio: Return relative to average drawdown	2.18	8.28	-6.09

MLAIX vs. FIFGX - Sharpe Ratio Comparison

The current MLAIX Sharpe Ratio is 0.86, which is lower than the FIFGX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of MLAIX and FIFGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MLAIX vs. FIFGX - Drawdown Comparison

The maximum MLAIX drawdown since its inception was -48.73%, which is greater than FIFGX's maximum drawdown of -29.47%. Use the drawdown chart below to compare losses from any high point for MLAIX and FIFGX.

Drawdown Indicators

	MLAIX	FIFGX	Difference
Max Drawdown Largest peak-to-trough decline	-48.73%	-29.47%	-19.26%
Max Drawdown (1Y) Largest decline over 1 year	-20.28%	-13.63%	-6.65%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-13.63%	-8.95%
Max Drawdown (5Y) Largest decline over 5 years	-39.20%	-29.47%	-9.73%
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	—	—
Current Drawdown Current decline from peak	-0.90%	-13.63%	+12.73%
Average Drawdown Average peak-to-trough decline	-8.34%	-7.68%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	4.16%	+2.77%

Volatility

MLAIX vs. FIFGX - Volatility Comparison

NYLI Winslow Large Cap Growth Fund Class I (MLAIX) has a higher volatility of 7.64% compared to Fidelity SAI Inflation-Focused (FIFGX) at 4.75%. This indicates that MLAIX's price experiences larger fluctuations and is considered to be riskier than FIFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLAIX	FIFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	4.75%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	18.63%	-4.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	21.64%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	406.31%	-383.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.98%	331.72%	-307.74%

MLAIX vs. FIFGX - Expense Ratio Comparison

MLAIX has a 0.69% expense ratio, which is higher than FIFGX's 0.39% expense ratio.

Dividends

MLAIX vs. FIFGX - Dividend Comparison

MLAIX's dividend yield for the trailing twelve months is around 17.76%, more than FIFGX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIFGX Fidelity SAI Inflation-Focused	4.13%	5.44%	4.73%	1.54%	12.64%	35.77%	3.10%	1.59%	0.00%	0.00%	0.00%	0.00%
MLAIX NYLI Winslow Large Cap Growth Fund Class I	17.76%	18.71%	18.18%	8.86%	12.91%	23.19%	4.85%	10.44%	21.60%	16.10%	12.42%	12.96%

Frequently Asked Questions

Can I hold both MLAIX and FIFGX in my portfolio?

MLAIX and FIFGX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLAIX or FIFGX?

MLAIX has higher volatility (7.64%) compared to FIFGX (4.75%). In terms of maximum drawdown, MLAIX dropped -48.73% vs FIFGX's -29.47%.

Which has better risk-adjusted returns?

FIFGX currently has the higher Sharpe Ratio (1.29 vs 0.86), 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.