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.
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
Key characteristics
ALARX:
1.62
MXMDX:
0.57
ALARX:
1.96
MXMDX:
0.89
ALARX:
1.32
MXMDX:
1.11
ALARX:
1.01
MXMDX:
0.61
ALARX:
8.65
MXMDX:
2.58
ALARX:
4.44%
MXMDX:
3.65%
ALARX:
23.75%
MXMDX:
16.57%
ALARX:
-69.38%
MXMDX:
-45.17%
ALARX:
-12.06%
MXMDX:
-6.74%
Returns By Period
In the year-to-date period, ALARX achieves a 38.07% return, which is significantly higher than MXMDX's 13.71% return. Over the past 10 years, ALARX has outperformed MXMDX with an annualized return of 5.36%, while MXMDX has yielded a comparatively lower 4.24% annualized return.
ALARX
38.07%
-6.92%
6.67%
38.41%
5.68%
5.36%
MXMDX
13.71%
-3.81%
7.84%
9.40%
5.46%
4.24%
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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 0.13%.
| 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 | 0.13% | 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 14.48% compared to Great-West S&P Mid Cap 400 Index Fund (MXMDX) at 5.57%. 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.