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ALARX vs. MXMDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ALARX vs. MXMDX

Last updated May 12, 2025

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 1.00, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Capital Appreciation Institutional Fund (ALARX) and Great-West S&P Mid Cap 400 Index Fund (MXMDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

ALARX:

15.02%

MXMDX:

17.60%

Max Drawdown

ALARX:

-0.48%

MXMDX:

-0.66%

Current Drawdown

ALARX:

-0.43%

MXMDX:

-0.10%

Returns By Period

ALARX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

MXMDX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.

ALARX
Alger Capital Appreciation Institutional Fund
MXMDX
Great-West S&P Mid Cap 400 Index Fund

Risk-Adjusted Performance

ALARX vs. MXMDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ALARX
The Risk-Adjusted Performance Rank of ALARX is 4141
Overall Rank
The Sharpe Ratio Rank of ALARX is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of ALARX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of ALARX is 4343
Omega Ratio Rank
The Calmar Ratio Rank of ALARX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of ALARX is 3636
Martin Ratio Rank
MXMDX
The Risk-Adjusted Performance Rank of MXMDX is 1717
Overall Rank
The Sharpe Ratio Rank of MXMDX is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of MXMDX is 1818
Sortino Ratio Rank
The Omega Ratio Rank of MXMDX is 1818
Omega Ratio Rank
The Calmar Ratio Rank of MXMDX is 1616
Calmar Ratio Rank
The Martin Ratio Rank of MXMDX is 1717
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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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 1.15%.

TTM20242023202220212020201920182017201620152014
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		1.15%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ALARX vs. MXMDX - Drawdown Comparison

The maximum ALARX drawdown since its inception was -0.48%, smaller than the maximum MXMDX drawdown of -0.66%. Use the drawdown chart below to compare losses from any high point for ALARX and MXMDX. For additional features, visit the drawdowns tool.

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Volatility

ALARX vs. MXMDX - Volatility Comparison

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