ALBAX vs. AMCPX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and American Funds AMCAP Fund Class A (AMCPX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. AMCPX is managed by American Funds. It was launched on Jan 5, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or AMCPX.
Key characteristics
| ALBAX | AMCPX | |
|---|---|---|
| YTD Return | 5.67% | 5.82% |
| 1Y Return | 23.26% | 26.32% |
| 3Y Return (Ann) | 9.08% | 3.65% |
| 5Y Return (Ann) | 13.48% | 10.06% |
| 10Y Return (Ann) | 11.90% | 10.42% |
| Sharpe Ratio | 2.05 | 1.93 |
| Daily Std Dev | 10.92% | 13.51% |
| Max Drawdown | -40.56% | -52.11% |
| Current Drawdown | -2.18% | -4.66% |
Correlation
The correlation between ALBAX and AMCPX is 0.92, 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
ALBAX vs. AMCPX - Performance Comparison
The year-to-date returns for both investments are quite close, with ALBAX having a 5.67% return and AMCPX slightly higher at 5.82%. Over the past 10 years, ALBAX has outperformed AMCPX with an annualized return of 11.90%, while AMCPX has yielded a comparatively lower 10.42% 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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ALBAX vs. AMCPX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than AMCPX's 0.65% expense ratio.
Risk-Adjusted Performance
ALBAX vs. AMCPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and American Funds AMCAP Fund Class A (AMCPX). 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
ALBAX vs. AMCPX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.20%, less than AMCPX's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.20% | 1.29% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.74% | 1.56% | 4.82% | 5.06% | 1.60% |
AMCPX American Funds AMCAP Fund Class A | 3.08% | 3.26% | 7.54% | 5.94% | 3.88% | 4.90% | 10.89% | 5.37% | 3.81% | 8.86% | 9.35% | 8.41% |
Drawdowns
ALBAX vs. AMCPX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum AMCPX drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for ALBAX and AMCPX. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. AMCPX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 4.05%, while American Funds AMCAP Fund Class A (AMCPX) has a volatility of 4.75%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.