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:
0.60
MXMDX:
0.43
ALARX:
0.87
MXMDX:
0.71
ALARX:
1.13
MXMDX:
1.09
ALARX:
0.50
MXMDX:
0.64
ALARX:
2.22
MXMDX:
1.61
ALARX:
6.86%
MXMDX:
4.23%
ALARX:
25.38%
MXMDX:
15.86%
ALARX:
-69.38%
MXMDX:
-45.17%
ALARX:
-17.02%
MXMDX:
-9.61%
Returns By Period
In the year-to-date period, ALARX achieves a -1.86% return, which is significantly lower than MXMDX's -0.76% return. Over the past 10 years, ALARX has outperformed MXMDX with an annualized return of 4.31%, while MXMDX has yielded a comparatively lower 3.97% annualized return.
ALARX
-1.86%
-5.52%
1.60%
12.49%
4.27%
4.31%
MXMDX
-0.76%
-5.23%
-1.40%
5.20%
7.51%
3.97%
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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 Rank
ALARX
MXMDX
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 1.09%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 1.09% | 1.09% | 0.44% | 0.46% | 1.41% | 0.88% | 0.28% | 0.83% | 0.59% | 0.55% | 1.03% | 1.42% |
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 7.20% compared to Great-West S&P Mid Cap 400 Index Fund (MXMDX) at 4.12%. 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.