MMRIX vs. KLGAX
MMRIX (MainStay Moderate Allocation Fund) and KLGAX (MainStay WMC Growth Fund) are both mutual funds - MMRIX is a Diversified Portfolio fund managed by New York Life, while KLGAX is a Large Cap Growth Equities fund managed by New York Life. Over the past 10 years, MMRIX returned 6.88%/yr vs 12.52%/yr for KLGAX. Their correlation of 0.89 means they have usually moved in the same direction. MMRIX charges 0.09%/yr vs 1.02%/yr for KLGAX.
Performance
MMRIX vs. KLGAX - Performance Comparison
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Returns By Period
In the year-to-date period, MMRIX achieves a 6.90% return, which is significantly higher than KLGAX's -3.70% return. Over the past 10 years, MMRIX has underperformed KLGAX with an annualized return of 6.88%, while KLGAX has yielded a comparatively higher 12.52% annualized return.
MMRIX
- 1D
- 1.12%
- 1M
- -0.84%
- 6M
- 4.86%
- YTD
- 6.90%
- 1Y
- 13.95%
- 3Y*
- 10.53%
- 5Y*
- 5.46%
- 10Y*
- 6.88%
- ALL TIME*
- 6.50%
KLGAX
- 1D
- 2.60%
- 1M
- -4.15%
- 6M
- -2.18%
- YTD
- -3.70%
- 1Y
- 3.38%
- 3Y*
- 14.26%
- 5Y*
- 5.83%
- 10Y*
- 12.52%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MMRIX vs. KLGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMRIX MainStay Moderate Allocation Fund | 6.90% | 11.38% | 8.84% | 13.65% | -13.76% | 12.21% | 13.01% | 18.20% | -8.86% | 12.11% |
KLGAX MainStay WMC Growth Fund | -3.70% | 16.60% | 25.22% | 38.63% | -33.53% | 17.85% | 31.88% | 29.41% | -4.33% | 30.05% |
Correlation
The correlation between MMRIX and KLGAX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2006 | 0.89 |
The correlation between MMRIX and KLGAX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
MMRIX vs. KLGAX — Risk / Return Rank
MMRIX
KLGAX
MMRIX vs. KLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Moderate Allocation Fund (MMRIX) and MainStay WMC Growth Fund (KLGAX). 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.
| MMRIX | KLGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.03 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.07 | +1.96 |
| Martin ratioReturn relative to average drawdown | 8.68 | 0.22 | +8.46 |
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Drawdowns
MMRIX vs. KLGAX - Drawdown Comparison
The maximum MMRIX drawdown since its inception was -35.91%, smaller than the maximum KLGAX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for MMRIX and KLGAX.
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Drawdown Indicators
| MMRIX | KLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -55.04% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -16.03% | +9.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | -22.71% | +10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -39.29% | +18.89% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -39.29% | +14.95% |
Current DrawdownCurrent decline from peak | -1.48% | -9.47% | +7.99% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -9.46% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 5.24% | -3.74% |
Volatility
MMRIX vs. KLGAX - Volatility Comparison
The current volatility for MainStay Moderate Allocation Fund (MMRIX) is 2.47%, while MainStay WMC Growth Fund (KLGAX) has a volatility of 6.34%. This indicates that MMRIX experiences smaller price fluctuations and is considered to be less risky than KLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMRIX | KLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 6.34% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 14.48% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 17.98% | -9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 22.83% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 22.01% | -9.84% |
MMRIX vs. KLGAX - Expense Ratio Comparison
MMRIX has a 0.09% expense ratio, which is lower than KLGAX's 1.02% expense ratio.
Dividends
MMRIX vs. KLGAX - Dividend Comparison
MMRIX's dividend yield for the trailing twelve months is around 5.15%, more than KLGAX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | 3.51% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
MMRIX MainStay Moderate Allocation Fund | 5.15% | 5.51% | 6.88% | 0.60% | 5.92% | 9.74% | 5.89% | 4.16% | 7.98% | 3.23% | 1.73% | 5.26% |
Frequently Asked Questions
MMRIX and KLGAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLGAX has higher volatility (6.34%) compared to MMRIX (2.47%). In terms of maximum drawdown, MMRIX dropped -35.91% vs KLGAX's -55.04%.
MMRIX currently has the higher Sharpe Ratio (1.51 vs 0.06), 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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