ALARX vs. SEEGX
Compare and contrast key facts about Alger Capital Appreciation Institutional Fund (ALARX) and JPMorgan Large Cap Growth Fund (SEEGX).
ALARX is managed by Alger. It was launched on Nov 8, 1993. SEEGX is managed by JPMorgan Chase. It was launched on Feb 28, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALARX or SEEGX.
Key characteristics
| ALARX | SEEGX | |
|---|---|---|
| YTD Return | 23.40% | 20.12% |
| 1Y Return | 33.19% | 27.79% |
| 3Y Return (Ann) | 3.41% | 6.94% |
| 5Y Return (Ann) | 15.11% | 18.54% |
| 10Y Return (Ann) | 13.46% | 16.64% |
| Sharpe Ratio | 1.43 | 1.50 |
| Daily Std Dev | 23.15% | 18.68% |
| Max Drawdown | -69.26% | -64.32% |
| Current Drawdown | -8.34% | -7.23% |
Correlation
The correlation between ALARX and SEEGX is 0.93, 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. SEEGX - Performance Comparison
In the year-to-date period, ALARX achieves a 23.40% return, which is significantly higher than SEEGX's 20.12% return. Over the past 10 years, ALARX has underperformed SEEGX with an annualized return of 13.46%, while SEEGX has yielded a comparatively higher 16.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALARX vs. SEEGX - Expense Ratio Comparison
ALARX has a 1.12% expense ratio, which is higher than SEEGX's 0.69% expense ratio.
Risk-Adjusted Performance
ALARX vs. SEEGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and JPMorgan Large Cap Growth Fund (SEEGX). 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. SEEGX - Dividend Comparison
ALARX's dividend yield for the trailing twelve months is around 6.56%, more than SEEGX's 0.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALARX Alger Capital Appreciation Institutional Fund | 6.56% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.74% | 7.71% | 12.31% | 12.84% |
SEEGX JPMorgan Large Cap Growth Fund | 0.10% | 0.12% | 3.42% | 14.92% | 5.27% | 12.85% | 15.97% | 14.79% | 9.88% | 4.49% | 1.79% | 0.00% |
Drawdowns
ALARX vs. SEEGX - Drawdown Comparison
The maximum ALARX drawdown since its inception was -69.26%, which is greater than SEEGX's maximum drawdown of -64.32%. Use the drawdown chart below to compare losses from any high point for ALARX and SEEGX. For additional features, visit the drawdowns tool.
Volatility
ALARX vs. SEEGX - Volatility Comparison
Alger Capital Appreciation Institutional Fund (ALARX) has a higher volatility of 7.14% compared to JPMorgan Large Cap Growth Fund (SEEGX) at 6.40%. This indicates that ALARX's price experiences larger fluctuations and is considered to be riskier than SEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.