ALARX vs. MXVIX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and Great-West S&P 500 Index Fund (MXVIX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. MXVIX is managed by Great-West. It was launched on Sep 8, 2003.
Performance
ALARX vs. MXVIX - Performance Comparison
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ALARX vs. MXVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | -14.40% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 41.50% | 33.13% | -0.82% | 31.11% |
MXVIX Great-West S&P 500 Index Fund | -7.14% | 17.30% | 24.31% | 25.57% | -18.56% | 29.04% | 16.96% | 30.84% | -5.32% | 21.05% |
Returns By Period
In the year-to-date period, ALARX achieves a -14.40% return, which is significantly lower than MXVIX's -7.14% return. Over the past 10 years, ALARX has outperformed MXVIX with an annualized return of 16.23%, while MXVIX has yielded a comparatively lower 12.80% annualized return.
ALARX
- 1D
- -1.61%
- 1M
- -9.50%
- YTD
- -14.40%
- 6M
- -15.06%
- 1Y
- 28.27%
- 3Y*
- 28.46%
- 5Y*
- 12.22%
- 10Y*
- 16.23%
MXVIX
- 1D
- -0.39%
- 1M
- -7.71%
- YTD
- -7.14%
- 6M
- -4.80%
- 1Y
- 13.89%
- 3Y*
- 16.57%
- 5Y*
- 10.85%
- 10Y*
- 12.80%
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ALARX vs. MXVIX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is higher than MXVIX's 0.51% expense ratio.
Return for Risk
ALARX vs. MXVIX — Risk / Return Rank
ALARX
MXVIX
ALARX vs. MXVIX - 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 500 Index Fund (MXVIX). 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 | MXVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.70 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.17 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.99 | +0.32 |
Martin ratioReturn relative to average drawdown | 4.41 | 4.71 | -0.30 |
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 | MXVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.70 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.64 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.71 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.44 | +0.02 |
Correlation
The correlation between ALARX and MXVIX is 0.88, 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. MXVIX - Dividend Comparison
ALARX's dividend yield for the trailing twelve months is around 8.16%, more than MXVIX's 0.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 8.16% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
MXVIX Great-West S&P 500 Index Fund | 0.41% | 0.38% | 0.95% | 5.22% | 1.25% | 4.97% | 8.27% | 5.11% | 10.56% | 2.06% | 0.00% | 0.00% |
Drawdowns
ALARX vs. MXVIX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -68.32%, which is greater than MXVIX's maximum drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for ALARX and MXVIX.
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Drawdown Indicators
| ALARX | MXVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.32% | -58.12% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.65% | -12.13% | -6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -46.86% | -24.74% | -22.12% |
Max Drawdown (10Y)Largest decline over 10 years | -46.86% | -33.82% | -13.04% |
Current DrawdownCurrent decline from peak | -18.65% | -8.94% | -9.71% |
Average DrawdownAverage peak-to-trough decline | -21.07% | -8.74% | -12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 2.90% | +2.64% |
Volatility
ALARX vs. MXVIX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 7.54% compared to Great-West S&P 500 Index Fund (MXVIX) at 4.23%. This indicates that ALARX's price experiences larger fluctuations and is considered to be riskier than MXVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALARX | MXVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 4.23% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 9.07% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 19.21% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.71% | 17.17% | +10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 18.18% | +6.47% |