AIEMX vs. ALBAX
AIEMX (Alger Emerging Markets Fund) and ALBAX (Alger Growth & Income Fund) are both mutual funds - AIEMX is a Emerging Markets Equities fund managed by Alger, while ALBAX is a Large Cap Blend Equities fund managed by Alger. Over the past 10 years, AIEMX returned 7.29%/yr vs 14.90%/yr for ALBAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. AIEMX charges 1.45%/yr vs 0.98%/yr for ALBAX.
Performance
AIEMX vs. ALBAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIEMX achieves a 15.08% return, which is significantly higher than ALBAX's 12.10% return. Over the past 10 years, AIEMX has underperformed ALBAX with an annualized return of 7.29%, while ALBAX has yielded a comparatively higher 14.90% annualized return.
AIEMX
- 1D
- 3.83%
- 1M
- -5.30%
- 6M
- 5.93%
- YTD
- 15.08%
- 1Y
- 30.11%
- 3Y*
- 13.81%
- 5Y*
- 1.99%
- 10Y*
- 7.29%
- ALL TIME*
- 3.64%
ALBAX
- 1D
- 1.44%
- 1M
- -0.39%
- 6M
- 9.72%
- YTD
- 12.10%
- 1Y
- 26.12%
- 3Y*
- 19.66%
- 5Y*
- 13.53%
- 10Y*
- 14.90%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AIEMX vs. ALBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIEMX Alger Emerging Markets Fund | 15.08% | 25.30% | 5.60% | 13.49% | -32.52% | -0.45% | 37.17% | 21.98% | -21.81% | 38.72% |
ALBAX Alger Growth & Income Fund | 12.10% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
Correlation
The correlation between AIEMX and ALBAX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.67 |
The correlation between AIEMX and ALBAX has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIEMX vs. ALBAX — Risk / Return Rank
AIEMX
ALBAX
AIEMX vs. ALBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) 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.
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.
| AIEMX | ALBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.04 | -1.22 |
| Martin ratioReturn relative to average drawdown | 5.89 | 12.95 | -7.06 |
Loading charts...
Drawdowns
AIEMX vs. ALBAX - Drawdown Comparison
The maximum AIEMX drawdown since its inception was -46.21%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for AIEMX and ALBAX.
Loading charts...
Drawdown Indicators
| AIEMX | ALBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.21% | -40.56% | -5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -7.86% | -7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -17.65% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -43.15% | -22.06% | -21.09% |
Max Drawdown (10Y)Largest decline over 10 years | -46.21% | -34.26% | -11.95% |
Current DrawdownCurrent decline from peak | -12.30% | -1.66% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -7.31% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 1.84% | +2.93% |
Volatility
AIEMX vs. ALBAX - Volatility Comparison
Alger Emerging Markets Fund (AIEMX) has a higher volatility of 10.67% compared to Alger Growth & Income Fund (ALBAX) at 3.23%. This indicates that AIEMX's price experiences larger fluctuations and is considered to be riskier than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIEMX | ALBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 3.23% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 22.79% | 9.92% | +12.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.69% | 12.97% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 15.61% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 17.25% | +2.79% |
AIEMX vs. ALBAX - Expense Ratio Comparison
AIEMX has a 1.45% expense ratio, which is higher than ALBAX's 0.98% expense ratio.
Dividends
AIEMX vs. ALBAX - Dividend Comparison
AIEMX's dividend yield for the trailing twelve months is around 0.04%, less than ALBAX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIEMX Alger Emerging Markets Fund | 0.04% | 0.05% | 0.31% | 0.00% | 0.00% | 4.19% | 0.00% | 5.08% | 2.35% | 3.58% | 0.00% | 0.00% |
ALBAX Alger Growth & Income Fund | 0.72% | 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
AIEMX and ALBAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIEMX has higher volatility (10.67%) compared to ALBAX (3.23%). In terms of maximum drawdown, AIEMX dropped -46.21% vs ALBAX's -40.56%.
ALBAX currently has the higher Sharpe Ratio (1.84 vs 1.14), 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.
Find the right allocation for AIEMX and ALBAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer