ALBAX vs. FNIAX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Fidelity Advisor New Insights Fund Class A (FNIAX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. FNIAX is managed by Fidelity. It was launched on Jul 31, 2003.
Performance
ALBAX vs. FNIAX - Performance Comparison
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ALBAX vs. FNIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | -4.27% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
FNIAX Fidelity Advisor New Insights Fund Class A | -7.49% | 21.17% | 34.94% | 35.97% | -26.57% | 24.40% | 23.62% | 29.17% | -4.67% | 28.07% |
Returns By Period
In the year-to-date period, ALBAX achieves a -4.27% return, which is significantly higher than FNIAX's -7.49% return. Over the past 10 years, ALBAX has underperformed FNIAX with an annualized return of 13.60%, while FNIAX has yielded a comparatively higher 14.58% annualized return.
ALBAX
- 1D
- -0.42%
- 1M
- -7.26%
- YTD
- -4.27%
- 6M
- -0.85%
- 1Y
- 19.30%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 13.60%
FNIAX
- 1D
- -0.52%
- 1M
- -9.26%
- YTD
- -7.49%
- 6M
- -4.20%
- 1Y
- 20.18%
- 3Y*
- 23.16%
- 5Y*
- 12.88%
- 10Y*
- 14.58%
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ALBAX vs. FNIAX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than FNIAX's 0.93% expense ratio.
Return for Risk
ALBAX vs. FNIAX — Risk / Return Rank
ALBAX
FNIAX
ALBAX vs. FNIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Fidelity Advisor New Insights Fund Class A (FNIAX). 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.
| ALBAX | FNIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.04 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.56 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.59 | -0.01 |
Martin ratioReturn relative to average drawdown | 7.60 | 6.45 | +1.15 |
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
| ALBAX | FNIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.04 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.68 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.76 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.60 | +0.04 |
Correlation
The correlation between ALBAX and FNIAX is 0.90, 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
ALBAX vs. FNIAX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.95%, less than FNIAX's 10.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.95% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
FNIAX Fidelity Advisor New Insights Fund Class A | 10.10% | 8.96% | 5.85% | 6.18% | 17.12% | 12.66% | 8.14% | 6.48% | 13.78% | 7.61% | 4.99% | 4.40% |
Drawdowns
ALBAX vs. FNIAX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum FNIAX drawdown of -49.69%. Use the drawdown chart below to compare losses from any high point for ALBAX and FNIAX.
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Drawdown Indicators
| ALBAX | FNIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -49.69% | +9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -10.85% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -31.98% | +9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -31.98% | -2.28% |
Current DrawdownCurrent decline from peak | -7.86% | -10.41% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -7.28% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.68% | -0.32% |
Volatility
ALBAX vs. FNIAX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 4.09%, while Fidelity Advisor New Insights Fund Class A (FNIAX) has a volatility of 5.30%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than FNIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALBAX | FNIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 5.30% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 10.84% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 19.55% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 19.01% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 19.22% | -2.02% |