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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Growth & Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Alger Growth & Income Fund (ALBAX) has returned -4.27% so far this year and 19.30% over the past 12 months. Looking at the last ten years, ALBAX has achieved an annualized return of 13.60%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
Alger Growth & Income Fund
- 1D
- -0.42%
- 1M
- -7.26%
- YTD
- -4.27%
- 6M
- -0.85%
- 1Y
- 19.30%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 13.60%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 2, 1997, ALBAX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, your investment would double in approximately 7.0 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 53% 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% | -7.26% | -4.27% | |||||||||
| 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 3.51%, beta of 0.74, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since January 03, 1997.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.55%) than losses (77.12%) — typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.51% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.51%
- Beta
- 0.74
- R²
- 0.89
- Upside Capture
- 85.55%
- Downside Capture
- 77.12%
Expense Ratio
ALBAX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALBAX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and compare them to a chosen benchmark (S&P 500 Index).
| ALBAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.90 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.39 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.40 | +0.18 |
Martin ratioReturn relative to average drawdown | 7.60 | 6.61 | +0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ALBAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Alger Growth & Income Fund provided a 0.95% dividend yield over the last twelve months, with an annual payout of $0.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.68 | $0.83 | $0.63 | $0.66 | $2.60 | $1.27 | $2.22 | $2.45 | $0.95 | $0.54 | $1.20 |
Dividend yield | 0.95% | 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 | $0.15 | |||||||||
| 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 7.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.56% | Oct 30, 2007 | 269 | Nov 20, 2008 | 611 | Apr 27, 2011 | 880 |
| -34.26% | Feb 13, 2020 | 27 | Mar 23, 2020 | 106 | Aug 21, 2020 | 133 |
| -32.73% | Mar 27, 2000 | 723 | Feb 12, 2003 | 953 | Nov 22, 2006 | 1676 |
| -22.06% | Jan 5, 2022 | 194 | Oct 12, 2022 | 199 | Jul 31, 2023 | 393 |
| -18.32% | Jul 21, 1998 | 57 | Oct 8, 1998 | 50 | Dec 18, 1998 | 107 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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