AIGOX vs. SPY
Compare and contrast key facts about Alger Growth & Income Portfolio (AIGOX) and SPDR S&P 500 ETF (SPY).
AIGOX is managed by Alger. It was launched on Nov 15, 1988. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIGOX or SPY.
Correlation
The correlation between AIGOX and SPY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIGOX vs. SPY - Performance Comparison
Key characteristics
AIGOX:
1.83
SPY:
1.87
AIGOX:
2.45
SPY:
2.52
AIGOX:
1.33
SPY:
1.35
AIGOX:
2.81
SPY:
2.81
AIGOX:
11.67
SPY:
11.69
AIGOX:
1.94%
SPY:
2.02%
AIGOX:
12.40%
SPY:
12.65%
AIGOX:
-54.59%
SPY:
-55.19%
AIGOX:
0.00%
SPY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with AIGOX having a 4.59% return and SPY slightly lower at 4.58%. Over the past 10 years, AIGOX has underperformed SPY with an annualized return of 9.11%, while SPY has yielded a comparatively higher 13.23% annualized return.
AIGOX
4.59%
2.26%
8.77%
23.59%
10.80%
9.11%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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AIGOX vs. SPY - Expense Ratio Comparison
AIGOX has a 0.86% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AIGOX vs. SPY — Risk-Adjusted Performance Rank
AIGOX
SPY
AIGOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Portfolio (AIGOX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
AIGOX vs. SPY - Dividend Comparison
AIGOX's dividend yield for the trailing twelve months is around 0.53%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 0.53% | 0.55% | 1.30% | 1.60% | 1.10% | 1.23% | 1.59% | 1.92% | 1.42% | 1.73% | 1.72% | 2.09% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AIGOX vs. SPY - Drawdown Comparison
The maximum AIGOX drawdown since its inception was -54.59%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIGOX and SPY. For additional features, visit the drawdowns tool.
Volatility
AIGOX vs. SPY - Volatility Comparison
Alger Growth & Income Portfolio (AIGOX) and SPDR S&P 500 ETF (SPY) have volatilities of 2.96% and 3.00%, 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.