ABLOX vs. AAAAX

Last updated Jun 4, 2026

ABLOX (Alger Balanced Portfolio Fund) and AAAAX (DWS RREEF Real Assets Fund - Class A) are both Diversified Portfolio funds. Over the past 10 years, ABLOX returned 10.97%/yr vs 7.18%/yr for AAAAX. A 0.73 correlation means they provide meaningful diversification when combined. ABLOX charges 1.04%/yr vs 1.22%/yr for AAAAX.

Performance

ABLOX vs. AAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Balanced Portfolio Fund (ABLOX) and DWS RREEF Real Assets Fund - Class A (AAAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ABLOX having a 10.77% return and AAAAX slightly lower at 10.64%. Over the past 10 years, ABLOX has outperformed AAAAX with an annualized return of 10.97%, while AAAAX has yielded a comparatively lower 7.18% annualized return.

ABLOX

• 1D: 0.48%
• 1M: 3.95%
• YTD: 10.77%
• 6M: 9.85%
• 1Y: 26.86%
• 3Y*: 17.97%
• 5Y*: 11.46%
• 10Y*: 10.97%

AAAAX

• 1D: 0.57%
• 1M: -2.02%
• YTD: 10.64%
• 6M: 11.14%
• 1Y: 16.81%
• 3Y*: 11.38%
• 5Y*: 5.03%
• 10Y*: 7.18%

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

ABLOX vs. AAAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABLOX Alger Balanced Portfolio Fund	10.77%	16.03%	17.06%	17.44%	-11.40%	19.17%	10.23%	19.50%	-3.31%	15.46%
AAAAX DWS RREEF Real Assets Fund - Class A	10.64%	12.82%	5.24%	2.30%	-9.91%	23.45%	3.71%	21.42%	-5.36%	14.67%

Correlation

The correlation between ABLOX and AAAAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007	0.73

Over the past year, the correlation between ABLOX and AAAAX has dropped to 0.38 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

ABLOX vs. AAAAX — Risk / Return Rank

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

ABLOX

ABLOX Risk / Return Rank: 89
ABLOX Sharpe Ratio Rank: 90
ABLOX Sortino Ratio Rank: 88
ABLOX Omega Ratio Rank: 83
ABLOX Calmar Ratio Rank: 89
ABLOX Martin Ratio Rank: 93

AAAAX

AAAAX Risk / Return Rank: 46
AAAAX Sharpe Ratio Rank: 41
AAAAX Sortino Ratio Rank: 37
AAAAX Omega Ratio Rank: 42
AAAAX Calmar Ratio Rank: 58
AAAAX Martin Ratio Rank: 53

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.

ABLOX vs. AAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Balanced Portfolio Fund (ABLOX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.

	ABLOX	AAAAX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	1.85	+1.14
Sortino ratio: Return per unit of downside risk	4.25	2.53	+1.73
Omega ratio: Gain probability vs. loss probability	1.56	1.35	+0.21
Calmar ratio: Return relative to maximum drawdown	4.47	2.94	+1.54
Martin ratio: Return relative to average drawdown	20.54	10.79	+9.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABLOX vs. AAAAX - Sharpe Ratio Comparison

The current ABLOX Sharpe Ratio is 2.99, which is higher than the AAAAX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of ABLOX and AAAAX, 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

	ABLOX	AAAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	1.85	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.42	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.57	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.39	+0.11

Drawdowns

ABLOX vs. AAAAX - Drawdown Comparison

The maximum ABLOX drawdown since its inception was -43.31%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for ABLOX and AAAAX.

Drawdown Indicators

	ABLOX	AAAAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.31%	-40.47%	-2.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-5.68%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-10.17%	-2.98%
Max Drawdown (5Y) Largest decline over 5 years	-17.34%	-22.62%	+5.28%
Max Drawdown (10Y) Largest decline over 10 years	-22.96%	-29.41%	+6.45%
Current Drawdown Current decline from peak	0.00%	-2.77%	+2.77%
Average Drawdown Average peak-to-trough decline	-6.88%	-6.85%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	1.54%	-0.20%

Volatility

ABLOX vs. AAAAX - Volatility Comparison

Alger Balanced Portfolio Fund (ABLOX) and DWS RREEF Real Assets Fund - Class A (AAAAX) have volatilities of 2.55% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABLOX	AAAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.54%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	7.27%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	9.02%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	12.11%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	12.69%	-0.79%

ABLOX vs. AAAAX - Expense Ratio Comparison

ABLOX has a 1.04% expense ratio, which is lower than AAAAX's 1.22% expense ratio.

Dividends

ABLOX vs. AAAAX - Dividend Comparison

ABLOX's dividend yield for the trailing twelve months is around 12.38%, more than AAAAX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAAX DWS RREEF Real Assets Fund - Class A	3.20%	3.54%	2.45%	2.08%	4.17%	2.31%	1.33%	1.81%	1.61%	1.52%	1.47%	2.15%
ABLOX Alger Balanced Portfolio Fund	12.38%	13.72%	0.18%	1.72%	5.99%	3.65%	1.55%	3.95%	21.77%	2.83%	0.00%	2.12%

Frequently Asked Questions

Can I hold both ABLOX and AAAAX in my portfolio?

ABLOX and AAAAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABLOX or AAAAX?

ABLOX has higher volatility (2.55%) compared to AAAAX (2.54%). In terms of maximum drawdown, ABLOX dropped -43.31% vs AAAAX's -40.47%.

Which has better risk-adjusted returns?

ABLOX currently has the higher Sharpe Ratio (2.99 vs 1.85), 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.