ALARX vs. MXLGX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and Great-West Large Cap Growth Fund (MXLGX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. MXLGX is managed by Great-West. It was launched on May 21, 2003.
Performance
ALARX vs. MXLGX - Performance Comparison
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ALARX vs. MXLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | -10.15% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 41.50% | 33.13% | -0.82% | 31.11% |
MXLGX Great-West Large Cap Growth Fund | -8.64% | 13.93% | 25.30% | 33.43% | -34.08% | 41.30% | 40.72% | 36.20% | -0.47% | 28.82% |
Returns By Period
In the year-to-date period, ALARX achieves a -10.15% return, which is significantly lower than MXLGX's -8.64% return. Over the past 10 years, ALARX has outperformed MXLGX with an annualized return of 16.80%, while MXLGX has yielded a comparatively lower 14.58% annualized return.
ALARX
- 1D
- 4.97%
- 1M
- -4.89%
- YTD
- -10.15%
- 6M
- -11.34%
- 1Y
- 32.72%
- 3Y*
- 30.55%
- 5Y*
- 12.82%
- 10Y*
- 16.80%
MXLGX
- 1D
- 3.14%
- 1M
- -4.90%
- YTD
- -8.64%
- 6M
- -9.01%
- 1Y
- 10.97%
- 3Y*
- 16.96%
- 5Y*
- 9.76%
- 10Y*
- 14.58%
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ALARX vs. MXLGX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is higher than MXLGX's 1.00% expense ratio.
Return for Risk
ALARX vs. MXLGX — Risk / Return Rank
ALARX
MXLGX
ALARX vs. MXLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and Great-West Large Cap Growth Fund (MXLGX). 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.
| ALARX | MXLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.56 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.85 | 0.99 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.75 | +1.07 |
Martin ratioReturn relative to average drawdown | 6.03 | 2.29 | +3.74 |
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
| ALARX | MXLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.56 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.45 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.63 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.23 | +0.23 |
Correlation
The correlation between ALARX and MXLGX is 0.91, 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
ALARX vs. MXLGX - Dividend Comparison
ALARX's dividend yield for the trailing twelve months is around 7.77%, less than MXLGX's 14.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 7.77% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
MXLGX Great-West Large Cap Growth Fund | 14.12% | 12.90% | 9.72% | 2.95% | 9.29% | 21.33% | 30.57% | 17.96% | 25.47% | 5.25% | 0.00% | 0.00% |
Drawdowns
ALARX vs. MXLGX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -68.32%, which is greater than MXLGX's maximum drawdown of -62.98%. Use the drawdown chart below to compare losses from any high point for ALARX and MXLGX.
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Drawdown Indicators
| ALARX | MXLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.32% | -62.98% | -5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.65% | -14.95% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -46.86% | -38.07% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -46.86% | -38.07% | -8.79% |
Current DrawdownCurrent decline from peak | -14.61% | -12.28% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -21.07% | -25.98% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 4.89% | +0.72% |
Volatility
ALARX vs. MXLGX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 9.23% compared to Great-West Large Cap Growth Fund (MXLGX) at 6.00%. This indicates that ALARX's price experiences larger fluctuations and is considered to be riskier than MXLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALARX | MXLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 6.00% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 11.40% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 21.59% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 21.88% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 23.42% | +1.28% |