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.
Key characteristics
| AIGOX | SPY | |
|---|---|---|
| YTD Return | 18.84% | 19.34% |
| 1Y Return | 27.08% | 26.92% |
| 3Y Return (Ann) | 10.08% | 9.30% |
| 5Y Return (Ann) | 16.09% | 15.86% |
| 10Y Return (Ann) | 12.57% | 12.90% |
| Sharpe Ratio | 2.25 | 2.17 |
| Daily Std Dev | 12.01% | 12.32% |
| Max Drawdown | -54.61% | -55.19% |
| Current Drawdown | -0.22% | -0.21% |
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
The year-to-date returns for both investments are quite close, with AIGOX having a 18.84% return and SPY slightly higher at 19.34%. Both investments have delivered pretty close results over the past 10 years, with AIGOX having a 12.57% annualized return and SPY not far ahead at 12.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.43%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 3.43% | 4.30% | 8.76% | 8.32% | 1.66% | 10.86% | 8.44% | 1.42% | 1.73% | 1.72% | 2.09% | 1.79% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -54.61%, 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
The current volatility for Alger Growth & Income Portfolio (AIGOX) is 4.83%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.43%. This indicates that AIGOX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.