ABLOX vs. ALBAX

Last updated Jun 4, 2026

ABLOX (Alger Balanced Portfolio Fund) and ALBAX (Alger Growth & Income Fund) are both mutual funds - ABLOX is a Diversified Portfolio fund managed by Alger, while ALBAX is a Large Cap Blend Equities fund managed by Alger. Over the past 10 years, ABLOX returned 10.97%/yr vs 15.46%/yr for ALBAX. With a 0.98 correlation, they move nearly in lockstep. ABLOX charges 1.04%/yr vs 0.98%/yr for ALBAX.

Performance

ABLOX vs. ALBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Balanced Portfolio Fund (ABLOX) and Alger Growth & Income Fund (ALBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABLOX achieves a 10.77% return, which is significantly lower than ALBAX's 13.85% return. Over the past 10 years, ABLOX has underperformed ALBAX with an annualized return of 10.97%, while ALBAX has yielded a comparatively higher 15.46% 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%

ALBAX

• 1D: 0.62%
• 1M: 5.05%
• YTD: 13.85%
• 6M: 12.67%
• 1Y: 35.27%
• 3Y*: 22.73%
• 5Y*: 15.07%
• 10Y*: 15.46%

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

ABLOX vs. ALBAX - 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%
ALBAX Alger Growth & Income Fund	13.85%	19.89%	21.81%	22.60%	-14.12%	30.79%	15.22%	28.92%	-4.72%	20.18%

Correlation

The correlation between ABLOX and ALBAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.98

The correlation between ABLOX and ALBAX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Return for Risk

ABLOX vs. ALBAX — 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

ALBAX

ALBAX Risk / Return Rank: 89
ALBAX Sharpe Ratio Rank: 90
ALBAX Sortino Ratio Rank: 87
ALBAX Omega Ratio Rank: 82
ALBAX Calmar Ratio Rank: 90
ALBAX Martin Ratio Rank: 94

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. ALBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Balanced Portfolio Fund (ABLOX) and Alger Growth & Income Fund (ALBAX). 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	ALBAX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	3.01	-0.02
Sortino ratio: Return per unit of downside risk	4.25	4.12	+0.13
Omega ratio: Gain probability vs. loss probability	1.56	1.54	+0.02
Calmar ratio: Return relative to maximum drawdown	4.47	4.60	-0.13
Martin ratio: Return relative to average drawdown	20.54	20.90	-0.36
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. ALBAX - Sharpe Ratio Comparison

The current ABLOX Sharpe Ratio is 2.99, which is comparable to the ALBAX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of ABLOX and ALBAX, 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	ALBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	3.01	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.98	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.90	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.67	-0.18

Drawdowns

ABLOX vs. ALBAX - Drawdown Comparison

The maximum ABLOX drawdown since its inception was -43.31%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for ABLOX and ALBAX.

Drawdown Indicators

	ABLOX	ALBAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.31%	-40.56%	-2.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-7.86%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-17.65%	+4.50%
Max Drawdown (5Y) Largest decline over 5 years	-17.34%	-22.06%	+4.72%
Max Drawdown (10Y) Largest decline over 10 years	-22.96%	-34.26%	+11.30%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.88%	-7.34%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	1.73%	-0.39%

Volatility

ABLOX vs. ALBAX - Volatility Comparison

The current volatility for Alger Balanced Portfolio Fund (ABLOX) is 2.55%, while Alger Growth & Income Fund (ALBAX) has a volatility of 3.06%. This indicates that ABLOX experiences smaller price fluctuations and is considered to be less risky than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABLOX	ALBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	3.06%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	9.22%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	12.05%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	15.51%	-3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	17.25%	-5.35%

ABLOX vs. ALBAX - Expense Ratio Comparison

ABLOX has a 1.04% expense ratio, which is higher than ALBAX's 0.98% expense ratio.

Dividends

ABLOX vs. ALBAX - Dividend Comparison

ABLOX's dividend yield for the trailing twelve months is around 12.38%, more than ALBAX's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ALBAX Alger Growth & Income Fund	0.80%	0.74%	1.08%	0.98%	1.24%	4.17%	2.55%	5.00%	6.75%	2.35%	1.56%	3.75%

Frequently Asked Questions

Can I hold both ABLOX and ALBAX in my portfolio?

With a correlation of 1.00, ABLOX and ALBAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ABLOX or ALBAX?

ALBAX has higher volatility (3.06%) compared to ABLOX (2.55%). In terms of maximum drawdown, ABLOX dropped -43.31% vs ALBAX's -40.56%.

Which has better risk-adjusted returns?

ALBAX currently has the higher Sharpe Ratio (3.01 vs 2.99), 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.