AIGOX vs. SPY
Compare and contrast key facts about Alger Growth & Income Portfolio (AIGOX) and State Street 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.
Performance
AIGOX vs. SPY - Performance Comparison
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AIGOX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | -4.34% | 19.79% | 23.07% | 23.62% | -15.15% | 31.82% | 14.86% | 29.48% | -4.61% | 21.33% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with AIGOX having a -4.34% return and SPY slightly lower at -4.37%. Both investments have delivered pretty close results over the past 10 years, with AIGOX having a 13.82% annualized return and SPY not far ahead at 13.98%.
AIGOX
- 1D
- -0.45%
- 1M
- -7.52%
- YTD
- -4.34%
- 6M
- -0.93%
- 1Y
- 19.81%
- 3Y*
- 18.38%
- 5Y*
- 12.76%
- 10Y*
- 13.82%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
AIGOX vs. SPY — Risk / Return Rank
AIGOX
SPY
AIGOX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Portfolio (AIGOX) and State Street 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.
| AIGOX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.93 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.45 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.53 | +0.01 |
Martin ratioReturn relative to average drawdown | 7.49 | 7.30 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIGOX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.93 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.69 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.78 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.56 | -0.24 |
Correlation
The correlation between AIGOX and SPY is 0.92, 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.
Dividends
AIGOX vs. SPY - Dividend Comparison
AIGOX's dividend yield for the trailing twelve months is around 14.36%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 14.36% | 13.51% | 1.23% | 4.06% | 8.76% | 8.32% | 1.66% | 10.86% | 8.44% | 1.42% | 1.17% | 1.72% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
AIGOX vs. SPY - Drawdown Comparison
The maximum AIGOX drawdown since its inception was -63.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIGOX and SPY.
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Drawdown Indicators
| AIGOX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -55.19% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -12.05% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -24.50% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | -33.72% | -0.46% |
Current DrawdownCurrent decline from peak | -8.11% | -6.24% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -15.46% | -9.09% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.52% | -0.06% |
Volatility
AIGOX vs. SPY - Volatility Comparison
The current volatility for Alger Growth & Income Portfolio (AIGOX) is 4.25%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| AIGOX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.31% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 9.47% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 19.05% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 17.06% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 17.92% | +0.04% |