MSOAX vs. KLGAX
MSOAX (MainStay WMC Enduring Capital Fund) and KLGAX (MainStay WMC Growth Fund) are both mutual funds - MSOAX is a Large Cap Blend Equities 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, MSOAX returned 10.67%/yr vs 13.36%/yr for KLGAX. Their correlation of 0.85 suggests significant overlap in exposure. MSOAX charges 0.91%/yr vs 1.02%/yr for KLGAX.
Performance
MSOAX vs. KLGAX - Performance Comparison
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Returns By Period
In the year-to-date period, MSOAX achieves a 5.51% return, which is significantly higher than KLGAX's 2.95% return. Over the past 10 years, MSOAX has underperformed KLGAX with an annualized return of 10.67%, while KLGAX has yielded a comparatively higher 13.36% annualized return.
MSOAX
- 1D
- 0.60%
- 1M
- 2.24%
- 6M
- 1.51%
- YTD
- 5.51%
- 1Y
- 0.12%
- 3Y*
- 8.51%
- 5Y*
- 6.08%
- 10Y*
- 10.67%
KLGAX
- 1D
- 0.14%
- 1M
- 2.04%
- 6M
- 1.44%
- YTD
- 2.95%
- 1Y
- 11.11%
- 3Y*
- 18.21%
- 5Y*
- 7.41%
- 10Y*
- 13.36%
MSOAX vs. KLGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSOAX MainStay WMC Enduring Capital Fund | 5.51% | -0.61% | 10.54% | 17.67% | -13.18% | 35.36% | 15.48% | 24.80% | -7.00% | 23.82% |
KLGAX MainStay WMC Growth Fund | 2.95% | 16.60% | 25.22% | 38.63% | -33.53% | 17.85% | 31.88% | 29.41% | -4.33% | 30.05% |
Correlation
The correlation between MSOAX and KLGAX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2006 | 0.85 |
Over the past year, the correlation between MSOAX and KLGAX has dropped to 0.34 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
MSOAX vs. KLGAX — Risk / Return Rank
MSOAX
KLGAX
MSOAX vs. KLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Enduring Capital Fund (MSOAX) 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.
| MSOAX | KLGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.68 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.16 | 2.20 | -2.36 |
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Drawdowns
MSOAX vs. KLGAX - Drawdown Comparison
The maximum MSOAX drawdown since its inception was -55.16%, roughly equal to the maximum KLGAX drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for MSOAX and KLGAX.
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Drawdown Indicators
| MSOAX | KLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.16% | -55.04% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -16.03% | +4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -22.71% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -39.29% | +18.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -39.29% | +5.28% |
Current DrawdownCurrent decline from peak | -5.30% | -3.22% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -9.47% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 4.91% | +0.75% |
Volatility
MSOAX vs. KLGAX - Volatility Comparison
The current volatility for MainStay WMC Enduring Capital Fund (MSOAX) is 3.65%, while MainStay WMC Growth Fund (KLGAX) has a volatility of 6.93%. This indicates that MSOAX 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
| MSOAX | KLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 6.93% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 13.85% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 17.20% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 22.74% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 21.94% | -4.19% |
MSOAX vs. KLGAX - Expense Ratio Comparison
MSOAX has a 0.91% expense ratio, which is lower than KLGAX's 1.02% expense ratio.
Dividends
MSOAX vs. KLGAX - Dividend Comparison
MSOAX's dividend yield for the trailing twelve months is around 3.86%, more than KLGAX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLGAX MainStay WMC Growth Fund | 3.28% | 3.38% | 3.96% | 0.00% | 0.00% | 26.57% | 3.69% | 3.43% | 11.10% | 3.85% | 8.73% | 7.55% |
MSOAX MainStay WMC Enduring Capital Fund | 3.86% | 4.07% | 0.26% | 0.64% | 4.00% | 8.70% | 0.83% | 5.99% | 13.82% | 0.88% | 1.22% | 1.11% |
Frequently Asked Questions
MSOAX and KLGAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLGAX has higher volatility (6.93%) compared to MSOAX (3.65%). In terms of maximum drawdown, MSOAX dropped -55.16% vs KLGAX's -55.04%.
KLGAX currently has the higher Sharpe Ratio (0.63 vs -0.07), 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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