Correlation
The correlation between AIGOX and SPY is 0.97, 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.
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.
Performance
AIGOX vs. SPY - Performance Comparison
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Key characteristics
AIGOX:
0.61
SPY:
0.70
AIGOX:
0.87
SPY:
1.02
AIGOX:
1.13
SPY:
1.15
AIGOX:
0.55
SPY:
0.68
AIGOX:
2.08
SPY:
2.57
AIGOX:
4.83%
SPY:
4.93%
AIGOX:
18.95%
SPY:
20.42%
AIGOX:
-54.59%
SPY:
-55.19%
AIGOX:
-4.24%
SPY:
-3.55%
Returns By Period
In the year-to-date period, AIGOX achieves a 0.16% return, which is significantly lower than SPY's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with AIGOX having a 12.15% annualized return and SPY not far ahead at 12.73%.
AIGOX
0.16%
4.91%
-0.79%
10.90%
13.05%
15.91%
12.15%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
AIGOX vs. SPY - Dividend Comparison
AIGOX's dividend yield for the trailing twelve months is around 1.41%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGOX Alger Growth & Income Portfolio | 1.41% | 0.89% | 4.30% | 8.76% | 8.32% | 1.66% | 10.86% | 8.44% | 1.42% | 1.73% | 1.72% | 2.09% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
AIGOX vs. SPY - Volatility Comparison
Alger Growth & Income Portfolio (AIGOX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.65% and 4.86%, 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.
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