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

Key characteristics


ALBAXJDESX
YTD Return5.67%7.43%
1Y Return23.26%27.57%
3Y Return (Ann)9.08%9.07%
5Y Return (Ann)13.48%14.53%
10Y Return (Ann)11.90%11.90%
Sharpe Ratio2.052.24
Daily Std Dev10.92%11.84%
Max Drawdown-40.56%-54.56%
Current Drawdown-2.18%-3.15%

Correlation

-0.50.00.51.01.0

The correlation between ALBAX and JDESX is 0.96, 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. JDESX - Performance Comparison

In the year-to-date period, ALBAX achieves a 5.67% return, which is significantly lower than JDESX's 7.43% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ALBAX at 11.90% and JDESX at 11.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


460.00%480.00%500.00%520.00%540.00%560.00%580.00%600.00%December2024FebruaryMarchAprilMay
546.33%
574.71%
ALBAX
JDESX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Alger Growth & Income Fund

JPMorgan U.S. Research Enhanced Equity Fund

ALBAX vs. JDESX - Expense Ratio Comparison

ALBAX has a 0.98% expense ratio, which is higher than JDESX's 0.35% 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 JDESX: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

ALBAX vs. JDESX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and JPMorgan U.S. Research Enhanced Equity Fund (JDESX). 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
Sharpe ratio
The chart of Sharpe ratio for ALBAX, currently valued at 2.05, compared to the broader market-1.000.001.002.003.004.002.05
Sortino ratio
The chart of Sortino ratio for ALBAX, currently valued at 2.93, compared to the broader market-2.000.002.004.006.008.0010.002.93
Omega ratio
The chart of Omega ratio for ALBAX, currently valued at 1.36, compared to the broader market0.501.001.502.002.503.001.36
Calmar ratio
The chart of Calmar ratio for ALBAX, currently valued at 2.10, compared to the broader market0.002.004.006.008.0010.0012.002.10
Martin ratio
The chart of Martin ratio for ALBAX, currently valued at 9.67, compared to the broader market0.0010.0020.0030.0040.0050.0060.009.67
JDESX
Sharpe ratio
The chart of Sharpe ratio for JDESX, currently valued at 2.24, compared to the broader market-1.000.001.002.003.004.002.24
Sortino ratio
The chart of Sortino ratio for JDESX, currently valued at 3.23, compared to the broader market-2.000.002.004.006.008.0010.003.23
Omega ratio
The chart of Omega ratio for JDESX, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.39
Calmar ratio
The chart of Calmar ratio for JDESX, currently valued at 1.27, compared to the broader market0.002.004.006.008.0010.0012.001.27
Martin ratio
The chart of Martin ratio for JDESX, currently valued at 9.99, compared to the broader market0.0010.0020.0030.0040.0050.0060.009.99

ALBAX vs. JDESX - Sharpe Ratio Comparison

The current ALBAX Sharpe Ratio is 2.05, which roughly equals the JDESX Sharpe Ratio of 2.24. The chart below compares the 12-month rolling Sharpe Ratio of ALBAX and JDESX.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
2.05
2.24
ALBAX
JDESX

Dividends

ALBAX vs. JDESX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.20%, more than JDESX's 1.15% yield.


TTM20232022202120202019201820172016201520142013
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%
JDESX
JPMorgan U.S. Research Enhanced Equity Fund
1.15%1.24%2.79%12.94%3.89%11.29%14.15%1.39%1.40%1.13%7.88%7.16%

Drawdowns

ALBAX vs. JDESX - Drawdown Comparison

The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum JDESX drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for ALBAX and JDESX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-2.18%
-3.15%
ALBAX
JDESX

Volatility

ALBAX vs. JDESX - Volatility Comparison

Alger Growth & Income Fund (ALBAX) and JPMorgan U.S. Research Enhanced Equity Fund (JDESX) have volatilities of 4.05% and 4.08%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%December2024FebruaryMarchAprilMay
4.05%
4.08%
ALBAX
JDESX