ALBAX vs. AWSHX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and American Funds Washington Mutual Investors Fund Class A (AWSHX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. AWSHX is managed by American Funds. It was launched on Jul 31, 1952.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or AWSHX.
Performance
ALBAX vs. AWSHX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ALBAX having a 21.51% return and AWSHX slightly lower at 20.84%. Over the past 10 years, ALBAX has outperformed AWSHX with an annualized return of 12.32%, while AWSHX has yielded a comparatively lower 11.19% annualized return.
ALBAX
21.51%
1.43%
9.41%
26.29%
15.00%
12.32%
AWSHX
20.84%
1.24%
10.72%
27.03%
12.44%
11.19%
Key characteristics
| ALBAX | AWSHX | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.57 |
| Sortino Ratio | 3.13 | 3.54 |
| Omega Ratio | 1.42 | 1.48 |
| Calmar Ratio | 3.40 | 4.78 |
| Martin Ratio | 15.37 | 17.12 |
| Ulcer Index | 1.71% | 1.58% |
| Daily Std Dev | 11.28% | 10.50% |
| Max Drawdown | -40.56% | -53.26% |
| Current Drawdown | -1.00% | -0.86% |
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ALBAX vs. AWSHX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than AWSHX's 0.58% expense ratio.
Correlation
The correlation between ALBAX and AWSHX 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.
Risk-Adjusted Performance
ALBAX vs. AWSHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). 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. AWSHX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.03%, less than AWSHX's 1.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.03% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
AWSHX American Funds Washington Mutual Investors Fund Class A | 1.47% | 1.67% | 1.95% | 1.41% | 1.73% | 1.83% | 2.09% | 1.87% | 1.92% | 2.11% | 2.04% | 4.96% |
Drawdowns
ALBAX vs. AWSHX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum AWSHX drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for ALBAX and AWSHX. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. AWSHX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) and American Funds Washington Mutual Investors Fund Class A (AWSHX) have volatilities of 3.47% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.