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.
Performance
ALARX vs. MXMDX - Performance Comparison
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ALARX vs. MXMDX - 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% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 2.37% | 6.90% | 13.23% | 15.75% | -13.60% | 24.25% | 12.84% | 25.48% | -12.02% | 15.01% |
Returns By Period
In the year-to-date period, ALARX achieves a -10.15% return, which is significantly lower than MXMDX's 2.37% return. Over the past 10 years, ALARX has outperformed MXMDX with an annualized return of 16.80%, while MXMDX has yielded a comparatively lower 9.32% 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%
MXMDX
- 1D
- 2.86%
- 1M
- -6.22%
- YTD
- 2.37%
- 6M
- 3.53%
- 1Y
- 16.02%
- 3Y*
- 11.42%
- 5Y*
- 6.29%
- 10Y*
- 9.32%
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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.
Return for Risk
ALARX vs. MXMDX — Risk / Return Rank
ALARX
MXMDX
ALARX vs. MXMDX - Risk-Adjusted Trends 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.
| ALARX | MXMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.78 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.24 | +0.60 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.13 | +0.68 |
Martin ratioReturn relative to average drawdown | 6.03 | 4.93 | +1.10 |
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 | MXMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.78 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.32 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.44 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.42 | +0.05 |
Correlation
The correlation between ALARX and MXMDX is 0.73, 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. MXMDX - Dividend Comparison
ALARX's dividend yield for the trailing twelve months is around 7.77%, more than MXMDX's 6.50% 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% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 6.50% | 6.66% | 3.04% | 4.76% | 4.35% | 5.24% | 5.74% | 3.74% | 8.13% | 4.51% | 0.00% | 0.00% |
Drawdowns
ALARX vs. MXMDX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -68.32%, which is greater than MXMDX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for ALARX and MXMDX.
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Drawdown Indicators
| ALARX | MXMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.32% | -41.80% | -26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -18.65% | -14.12% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -46.86% | -24.15% | -22.71% |
Max Drawdown (10Y)Largest decline over 10 years | -46.86% | -41.80% | -5.06% |
Current DrawdownCurrent decline from peak | -14.61% | -6.26% | -8.35% |
Average DrawdownAverage peak-to-trough decline | -21.07% | -6.00% | -15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 3.47% | +2.14% |
Volatility
ALARX vs. MXMDX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 9.23% compared to Great-West S&P Mid Cap 400 Index Fund (MXMDX) at 6.50%. 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.
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Volatility by Period
| ALARX | MXMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 6.50% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 11.83% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 22.79% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 20.00% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 21.20% | +3.50% |