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:
2.01
SPY:
2.21
AIGOX:
2.70
SPY:
2.93
AIGOX:
1.37
SPY:
1.41
AIGOX:
2.20
SPY:
3.26
AIGOX:
13.42
SPY:
14.43
AIGOX:
1.83%
SPY:
1.90%
AIGOX:
12.23%
SPY:
12.41%
AIGOX:
-54.59%
SPY:
-55.19%
AIGOX:
-2.91%
SPY:
-2.74%
Returns By Period
In the year-to-date period, AIGOX achieves a 22.99% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, AIGOX has underperformed SPY with an annualized return of 8.87%, while SPY has yielded a comparatively higher 12.97% annualized return.
AIGOX
22.99%
1.46%
7.16%
23.49%
10.60%
8.87%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 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 0.89%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 0.89% | 1.30% | 1.60% | 1.10% | 1.23% | 1.59% | 1.92% | 1.42% | 1.73% | 1.72% | 2.09% | 1.79% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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) has a higher volatility of 4.05% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that AIGOX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.