ALBAX vs. GSPKX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. GSPKX is managed by Goldman Sachs. It was launched on Aug 31, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or GSPKX.
Key characteristics
| ALBAX | GSPKX | |
|---|---|---|
| YTD Return | 18.14% | 18.70% |
| 1Y Return | 28.07% | 27.64% |
| 3Y Return (Ann) | 8.66% | 7.67% |
| 5Y Return (Ann) | 14.58% | 12.28% |
| 10Y Return (Ann) | 12.22% | 10.55% |
| Sharpe Ratio | 2.58 | 3.04 |
| Sortino Ratio | 3.43 | 4.06 |
| Omega Ratio | 1.47 | 1.61 |
| Calmar Ratio | 3.73 | 4.28 |
| Martin Ratio | 17.17 | 21.90 |
| Ulcer Index | 1.68% | 1.31% |
| Daily Std Dev | 11.21% | 9.40% |
| Max Drawdown | -40.56% | -52.26% |
| Current Drawdown | -2.80% | -1.63% |
Correlation
The correlation between ALBAX and GSPKX is 0.95, 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. GSPKX - Performance Comparison
The year-to-date returns for both investments are quite close, with ALBAX having a 18.14% return and GSPKX slightly higher at 18.70%. Over the past 10 years, ALBAX has outperformed GSPKX with an annualized return of 12.22%, while GSPKX has yielded a comparatively lower 10.55% 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. GSPKX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than GSPKX's 0.71% expense ratio.
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.
Dividends
ALBAX vs. GSPKX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.06%, less than GSPKX's 5.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.06% | 1.29% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.74% | 1.56% | 4.82% | 5.06% | 1.60% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 5.47% | 6.48% | 6.90% | 6.01% | 7.19% | 6.86% | 7.95% | 6.13% | 5.63% | 6.29% | 6.28% | 6.32% |
Drawdowns
ALBAX vs. GSPKX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum GSPKX drawdown of -52.26%. Use the drawdown chart below to compare losses from any high point for ALBAX and GSPKX. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. GSPKX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) has a higher volatility of 3.02% compared to Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) at 2.15%. 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.