- ISIN
- US0155658315
- CUSIP
- 015565831
- Issuer
- Alger
- Inception Date
- Dec 31, 1996
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ALBAX Performance Chart
Alger Growth & Income Fund (ALBAX) is up 13.0% since the beginning of the year. ALBAX is currently trading at $104 per share. Investors who bought $1,000 worth of ALBAX shares 5 years ago would now be looking at an investment worth $2,020.
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Returns By Period
Alger Growth & Income Fund (ALBAX) has returned 13.01% so far this year and 33.41% over the past 12 months. Looking at the last ten years, ALBAX has achieved an annualized return of 15.46%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Alger Growth & Income Fund
- 1D
- 1.19%
- 1M
- 0.96%
- YTD
- 13.01%
- 6M
- 12.68%
- 1Y
- 33.41%
- 3Y*
- 21.55%
- 5Y*
- 15.10%
- 10Y*
- 15.46%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ALBAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1997, ALBAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +12.2%, while the worst month was Oct 2008 at -14.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALBAX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.17% | 1.03% | -4.71% | 10.78% | 4.03% | -0.31% | 13.01% | ||||||
| 2025 | 3.38% | -1.81% | -5.23% | -1.32% | 5.29% | 5.43% | 2.49% | 2.21% | 4.85% | 2.77% | 2.39% | -1.57% | 19.89% |
| 2024 | 1.21% | 3.60% | 3.01% | -2.80% | 4.88% | 3.45% | 1.14% | 2.25% | 1.47% | -1.02% | 3.71% | -0.74% | 21.81% |
| 2023 | 4.25% | -2.90% | 3.58% | 2.44% | 0.39% | 5.27% | 3.21% | -1.44% | -4.52% | -0.95% | 8.12% | 3.84% | 22.60% |
| 2022 | -3.30% | -3.41% | 3.02% | -7.19% | 0.75% | -6.99% | 6.98% | -4.03% | -8.63% | 7.61% | 6.51% | -4.56% | -14.12% |
| 2021 | -0.26% | 2.17% | 4.91% | 4.85% | 1.27% | 2.02% | 3.20% | 2.95% | -5.12% | 6.91% | -0.39% | 5.18% | 30.79% |
Benchmark Metrics
Alger Growth & Income Fund has an annualized alpha of 3.64%, beta of 0.74, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.76%) than losses (76.88%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.64% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.64%
- Beta
- 0.74
- R²
- 0.89
- Upside Capture
- 85.76%
- Downside Capture
- 76.88%
Expense Ratio
ALBAX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALBAX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and compare them to S&P 500 Index.
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.
| ALBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.78 | +1.42 |
| Martin ratioReturn relative to average drawdown | 18.61 | 12.44 | +6.17 |
Dividends
Dividend History
Alger Growth & Income Fund provided a 0.72% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.68 | $0.83 | $0.63 | $0.66 | $2.60 | $1.27 | $2.22 | $2.45 | $0.95 | $0.54 | $1.20 |
Dividend yield | 0.72% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Growth & Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.28 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.30 | $0.68 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.31 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.66 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $2.21 | $2.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Growth & Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger Growth & Income Fund was 40.56%, occurring on Nov 20, 2008. Recovery took 611 trading sessions.
The current Alger Growth & Income Fund drawdown is 0.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.56%Nov 2008 | 1y 22d | 2y 5mo | 3y 6moOct 2007 - Apr 2011 |
COVID crash2020 | -34.26%Mar 2020 | 1mo 9d | 5mo 1d | 6mo 10dFeb 2020 - Aug 2020 |
2003 bear market2003 | -32.73%Feb 2003 | 2y 10mo | 3y 9mo | 6y 8moMar 2000 - Nov 2006 |
Bear market2022 | -22.06%Oct 2022 | 9mo 10d | 9mo 22d | 1y 6moJan 2022 - Jul 2023 |
1998 correction1998 | -18.32%Oct 1998 | 2mo 19d | 2mo 11d | 5moJul 1998 - Dec 1998 |
Drawdown Indicators
| ALBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -56.78% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -9.10% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -18.90% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -25.43% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -33.92% | -0.34% |
Current DrawdownCurrent decline from peak | -0.74% | -1.80% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -10.71% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.03% | -0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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