AIGOX vs. ALBAX
AIGOX (Alger Growth & Income Portfolio) and ALBAX (Alger Growth & Income Fund) are both Large Cap Blend Equities funds from Alger. Over the past 10 years, AIGOX returned 15.24%/yr vs 14.90%/yr for ALBAX. Their 0.96 correlation means they have historically moved very closely together. AIGOX charges 0.86%/yr vs 0.98%/yr for ALBAX.
Performance
AIGOX vs. ALBAX - Performance Comparison
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Returns By Period
In the year-to-date period, AIGOX achieves a 13.23% return, which is significantly higher than ALBAX's 12.10% return. Both investments have delivered pretty close results over the past 10 years, with AIGOX having a 15.24% annualized return and ALBAX not far behind at 14.90%.
AIGOX
- 1D
- 1.59%
- 1M
- -0.23%
- 6M
- 10.74%
- YTD
- 13.23%
- 1Y
- 27.50%
- 3Y*
- 20.55%
- 5Y*
- 14.00%
- 10Y*
- 15.24%
- ALL TIME*
- 7.27%
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 |
AIGOX vs. ALBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 13.23% | 19.79% | 23.07% | 23.62% | -15.15% | 31.82% | 14.86% | 29.48% | -4.61% | 21.33% |
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 AIGOX and ALBAX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.96 |
The correlation between AIGOX and ALBAX has been stable across timeframes, ranging from 0.96 to 1.00 - a consistent structural relationship.
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Return for Risk
AIGOX vs. ALBAX — Risk / Return Rank
AIGOX
ALBAX
AIGOX vs. ALBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Portfolio (AIGOX) 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.
| AIGOX | ALBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.04 | +0.07 |
| Martin ratioReturn relative to average drawdown | 13.32 | 12.95 | +0.37 |
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Drawdowns
AIGOX vs. ALBAX - Drawdown Comparison
The maximum AIGOX drawdown since its inception was -63.78%, which is greater than ALBAX's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for AIGOX and ALBAX.
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Drawdown Indicators
| AIGOX | ALBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -40.56% | -23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -7.86% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.83% | -17.65% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -22.06% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | -34.26% | +0.08% |
Current DrawdownCurrent decline from peak | -1.56% | -1.66% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -7.31% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.84% | +0.05% |
Volatility
AIGOX vs. ALBAX - Volatility Comparison
Alger Growth & Income Portfolio (AIGOX) has a higher volatility of 3.43% compared to Alger Growth & Income Fund (ALBAX) at 3.23%. This indicates that AIGOX'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.
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Volatility by Period
| AIGOX | ALBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 3.23% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 9.92% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.97% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 15.61% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 17.25% | +0.78% |
AIGOX vs. ALBAX - Expense Ratio Comparison
AIGOX has a 0.86% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Dividends
AIGOX vs. ALBAX - Dividend Comparison
AIGOX's dividend yield for the trailing twelve months is around 12.00%, more than ALBAX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 12.00% | 13.51% | 1.23% | 4.06% | 8.76% | 8.32% | 1.66% | 10.86% | 8.44% | 1.42% | 1.17% | 1.72% |
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
With a correlation of 1.00, AIGOX 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.
AIGOX has higher volatility (3.43%) compared to ALBAX (3.23%). In terms of maximum drawdown, AIGOX dropped -63.78% vs ALBAX's -40.56%.
AIGOX currently has the higher Sharpe Ratio (1.88 vs 1.84), 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.
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