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ALBAX vs. GSPKX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

ALBAX vs. GSPKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Growth & Income Fund (ALBAX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.50%
10.58%
ALBAX
GSPKX

Returns By Period

In the year-to-date period, ALBAX achieves a 19.83% return, which is significantly lower than GSPKX's 21.02% return. Over the past 10 years, ALBAX has outperformed GSPKX with an annualized return of 12.23%, while GSPKX has yielded a comparatively lower 5.74% annualized return.


ALBAX

YTD

19.83%

1M

-1.11%

6M

7.53%

1Y

25.62%

5Y (annualized)

14.59%

10Y (annualized)

12.23%

GSPKX

YTD

21.02%

1M

0.28%

6M

10.65%

1Y

20.21%

5Y (annualized)

7.06%

10Y (annualized)

5.74%

Key characteristics


ALBAXGSPKX
Sharpe Ratio2.301.99
Sortino Ratio3.102.55
Omega Ratio1.421.41
Calmar Ratio3.361.98
Martin Ratio15.3312.56
Ulcer Index1.69%1.63%
Daily Std Dev11.28%10.29%
Max Drawdown-40.56%-55.29%
Current Drawdown-2.36%-1.60%

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ALBAX vs. GSPKX - Expense Ratio Comparison

ALBAX has a 0.98% expense ratio, which is higher than GSPKX's 0.71% expense ratio.


ALBAX
Alger Growth & Income Fund
Expense ratio chart for ALBAX: current value at 0.98% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.98%
Expense ratio chart for GSPKX: current value at 0.71% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.71%

Correlation

-0.50.00.51.00.9

The correlation between ALBAX and GSPKX is 0.94, 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. GSPKX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). 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.


Sharpe ratio
The chart of Sharpe ratio for ALBAX, currently valued at 2.30, compared to the broader market0.002.004.002.301.99
The chart of Sortino ratio for ALBAX, currently valued at 3.10, compared to the broader market0.005.0010.003.102.55
The chart of Omega ratio for ALBAX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.41
The chart of Calmar ratio for ALBAX, currently valued at 3.36, compared to the broader market0.005.0010.0015.0020.0025.003.361.98
The chart of Martin ratio for ALBAX, currently valued at 15.33, compared to the broader market0.0020.0040.0060.0080.00100.0015.3312.56
ALBAX
GSPKX

The current ALBAX Sharpe Ratio is 2.30, which is comparable to the GSPKX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of ALBAX and GSPKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.30
1.99
ALBAX
GSPKX

Dividends

ALBAX vs. GSPKX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.04%, less than GSPKX's 1.26% yield.


TTM20232022202120202019201820172016201520142013
ALBAX
Alger Growth & Income Fund
1.04%1.29%1.24%0.85%1.20%1.46%1.64%1.19%1.53%1.57%1.78%1.60%
GSPKX
Goldman Sachs U.S. Equity Dividend and Premium Fund
1.26%1.55%1.69%1.27%1.67%1.97%2.32%1.86%1.92%2.14%1.90%2.22%

Drawdowns

ALBAX vs. GSPKX - Drawdown Comparison

The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum GSPKX drawdown of -55.29%. Use the drawdown chart below to compare losses from any high point for ALBAX and GSPKX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.36%
-1.60%
ALBAX
GSPKX

Volatility

ALBAX vs. GSPKX - Volatility Comparison

Alger Growth & Income Fund (ALBAX) has a higher volatility of 3.53% compared to Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) at 2.90%. This indicates that ALBAX's price experiences larger fluctuations and is considered to be riskier than GSPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.53%
2.90%
ALBAX
GSPKX