MLAIX vs. JMUEX

Last updated Jun 9, 2026

MLAIX (NYLI Winslow Large Cap Growth Fund Class I) and JMUEX (JPMorgan U.S. Equity Fund) are both mutual funds - MLAIX is a Large Cap Growth Equities fund actively managed by NYLI, while JMUEX is a Large Cap Blend Equities fund managed by JPMorgan. Over the past 10 years, MLAIX returned 16.71%/yr vs 15.54%/yr for JMUEX. Their correlation of 0.92 suggests significant overlap in exposure. MLAIX charges 0.69%/yr vs 0.57%/yr for JMUEX.

Performance

MLAIX vs. JMUEX - 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 JPMorgan U.S. Equity Fund (JMUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLAIX achieves a 0.87% return, which is significantly lower than JMUEX's 3.12% return. Over the past 10 years, MLAIX has outperformed JMUEX with an annualized return of 16.71%, while JMUEX has yielded a comparatively lower 15.54% annualized return.

MLAIX

• 1D: -4.07%
• 1M: -0.86%
• YTD: 0.87%
• 6M: -0.26%
• 1Y: 9.15%
• 3Y*: 20.90%
• 5Y*: 11.64%
• 10Y*: 16.71%

JMUEX

• 1D: -2.80%
• 1M: -1.14%
• YTD: 3.12%
• 6M: 2.74%
• 1Y: 16.66%
• 3Y*: 20.45%
• 5Y*: 12.90%
• 10Y*: 15.54%

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

MLAIX vs. JMUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLAIX NYLI Winslow Large Cap Growth Fund Class I	0.87%	14.60%	29.26%	43.32%	-31.27%	25.21%	37.37%	33.47%	4.06%	32.39%
JMUEX JPMorgan U.S. Equity Fund	3.12%	14.60%	31.22%	27.28%	-18.84%	28.55%	26.51%	32.26%	-5.90%	21.52%

Correlation

The correlation between MLAIX and JMUEX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 31, 2005	0.92

The correlation between MLAIX and JMUEX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

MLAIX vs. JMUEX — Risk / Return Rank

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

MLAIX

MLAIX Risk / Return Rank: 8
MLAIX Sharpe Ratio Rank: 9
MLAIX Sortino Ratio Rank: 9
MLAIX Omega Ratio Rank: 9
MLAIX Calmar Ratio Rank: 7
MLAIX Martin Ratio Rank: 7

JMUEX

JMUEX Risk / Return Rank: 26
JMUEX Sharpe Ratio Rank: 28
JMUEX Sortino Ratio Rank: 26
JMUEX Omega Ratio Rank: 28
JMUEX Calmar Ratio Rank: 20
JMUEX Martin Ratio Rank: 27

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. JMUEX - 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 JPMorgan U.S. Equity Fund (JMUEX). 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.

	MLAIX	JMUEX	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.42	-0.82
Sortino ratio: Return per unit of downside risk	0.91	1.96	-1.06
Omega ratio: Gain probability vs. loss probability	1.11	1.26	-0.15
Calmar ratio: Return relative to maximum drawdown	0.50	1.49	-1.00
Martin ratio: Return relative to average drawdown	1.46	6.01	-4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLAIX vs. JMUEX - Sharpe Ratio Comparison

The current MLAIX Sharpe Ratio is 0.60, which is lower than the JMUEX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MLAIX and JMUEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLAIX	JMUEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.42	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.74	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.84	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.57	-0.01

Drawdowns

MLAIX vs. JMUEX - Drawdown Comparison

The maximum MLAIX drawdown since its inception was -48.73%, smaller than the maximum JMUEX drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MLAIX and JMUEX.

Drawdown Indicators

	MLAIX	JMUEX	Difference
Max Drawdown Largest peak-to-trough decline	-48.73%	-52.11%	+3.38%
Max Drawdown (1Y) Largest decline over 1 year	-20.28%	-11.92%	-8.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-19.11%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	-39.20%	-24.60%	-14.60%
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	-33.35%	-5.85%
Current Drawdown Current decline from peak	-5.09%	-3.07%	-2.02%
Average Drawdown Average peak-to-trough decline	-8.35%	-8.78%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	2.96%	+3.94%

Volatility

MLAIX vs. JMUEX - Volatility Comparison

NYLI Winslow Large Cap Growth Fund Class I (MLAIX) has a higher volatility of 5.49% compared to JPMorgan U.S. Equity Fund (JMUEX) at 4.15%. This indicates that MLAIX's price experiences larger fluctuations and is considered to be riskier than JMUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLAIX	JMUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	4.15%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	9.87%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	12.58%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	17.45%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.91%	18.58%	+5.33%

MLAIX vs. JMUEX - Expense Ratio Comparison

MLAIX has a 0.69% expense ratio, which is higher than JMUEX's 0.57% expense ratio.

Dividends

MLAIX vs. JMUEX - Dividend Comparison

MLAIX's dividend yield for the trailing twelve months is around 18.55%, more than JMUEX's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMUEX JPMorgan U.S. Equity Fund	5.70%	5.85%	12.03%	2.06%	5.11%	10.74%	6.63%	10.06%	14.56%	8.71%	4.77%	6.17%
MLAIX NYLI Winslow Large Cap Growth Fund Class I	18.55%	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 JMUEX in my portfolio?

MLAIX and JMUEX have a correlation of 0.89, 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 JMUEX?

MLAIX has higher volatility (5.49%) compared to JMUEX (4.15%). In terms of maximum drawdown, MLAIX dropped -48.73% vs JMUEX's -52.11%.

Which has better risk-adjusted returns?

JMUEX currently has the higher Sharpe Ratio (1.42 vs 0.60), 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.