ALARX vs. MXMDX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and Great-West S&P Mid Cap 400 Index Fund (MXMDX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. MXMDX is managed by Great-West. It was launched on Jan 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALARX or MXMDX.
Key characteristics
| ALARX | MXMDX | |
|---|---|---|
| YTD Return | 47.37% | 18.37% |
| 1Y Return | 45.79% | 30.48% |
| 3Y Return (Ann) | -1.79% | 1.27% |
| 5Y Return (Ann) | 6.20% | 7.14% |
| 10Y Return (Ann) | 5.14% | 4.95% |
| Sharpe Ratio | 2.15 | 1.80 |
| Sortino Ratio | 2.64 | 2.52 |
| Omega Ratio | 1.40 | 1.32 |
| Calmar Ratio | 1.20 | 1.47 |
| Martin Ratio | 10.97 | 8.90 |
| Ulcer Index | 4.18% | 3.41% |
| Daily Std Dev | 21.28% | 16.83% |
| Max Drawdown | -69.38% | -45.17% |
| Current Drawdown | -6.13% | -1.01% |
Correlation
The correlation between ALARX and MXMDX is 0.75, 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
ALARX vs. MXMDX - Performance Comparison
In the year-to-date period, ALARX achieves a 47.37% return, which is significantly higher than MXMDX's 18.37% return. Both investments have delivered pretty close results over the past 10 years, with ALARX having a 5.14% annualized return and MXMDX not far behind at 4.95%. 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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ALARX vs. MXMDX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is higher than MXMDX's 0.55% expense ratio.
Risk-Adjusted Performance
ALARX vs. MXMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and Great-West S&P Mid Cap 400 Index Fund (MXMDX). 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
ALARX vs. MXMDX - Dividend Comparison
ALARX has not paid dividends to shareholders, while MXMDX's dividend yield for the trailing twelve months is around 0.12%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 0.12% | 0.44% | 0.46% | 1.41% | 0.88% | 0.28% | 0.83% | 0.59% | 0.55% | 1.03% | 1.42% | 1.46% |
Drawdowns
ALARX vs. MXMDX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -69.38%, which is greater than MXMDX's maximum drawdown of -45.17%. Use the drawdown chart below to compare losses from any high point for ALARX and MXMDX. For additional features, visit the drawdowns tool.
Volatility
ALARX vs. MXMDX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 5.98% compared to Great-West S&P Mid Cap 400 Index Fund (MXMDX) at 5.26%. This indicates that ALARX's price experiences larger fluctuations and is considered to be riskier than MXMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.