ALBAX vs. JDESX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and JPMorgan U.S. Research Enhanced Equity Fund (JDESX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. JDESX is managed by JPMorgan. It was launched on Sep 10, 2001.
Performance
ALBAX vs. JDESX - Performance Comparison
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ALBAX vs. JDESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | -1.64% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
JDESX JPMorgan U.S. Research Enhanced Equity Fund | -4.98% | 16.33% | 31.02% | 28.23% | -18.15% | 30.35% | 20.65% | 31.16% | -5.53% | 21.49% |
Returns By Period
In the year-to-date period, ALBAX achieves a -1.64% return, which is significantly higher than JDESX's -4.98% return. Over the past 10 years, ALBAX has underperformed JDESX with an annualized return of 13.91%, while JDESX has yielded a comparatively higher 14.71% annualized return.
ALBAX
- 1D
- 2.75%
- 1M
- -4.70%
- YTD
- -1.64%
- 6M
- 1.29%
- 1Y
- 22.31%
- 3Y*
- 18.87%
- 5Y*
- 12.82%
- 10Y*
- 13.91%
JDESX
- 1D
- 2.89%
- 1M
- -5.28%
- YTD
- -4.98%
- 6M
- -2.90%
- 1Y
- 15.81%
- 3Y*
- 19.78%
- 5Y*
- 12.85%
- 10Y*
- 14.71%
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ALBAX vs. JDESX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than JDESX's 0.35% expense ratio.
Return for Risk
ALBAX vs. JDESX — Risk / Return Rank
ALBAX
JDESX
ALBAX vs. JDESX - Risk-Adjusted Trends 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 | JDESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.89 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.38 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.39 | +0.67 |
Martin ratioReturn relative to average drawdown | 9.80 | 6.44 | +3.36 |
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 | JDESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.89 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.69 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.75 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.43 | +0.21 |
Correlation
The correlation between ALBAX and JDESX 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.
Dividends
ALBAX vs. JDESX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.92%, less than JDESX's 5.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.92% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
JDESX JPMorgan U.S. Research Enhanced Equity Fund | 5.61% | 5.33% | 11.20% | 1.23% | 2.79% | 12.94% | 3.89% | 11.29% | 14.15% | 1.39% | 1.40% | 5.56% |
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.
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Drawdown Indicators
| ALBAX | JDESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -54.56% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -12.19% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -31.30% | +9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -34.71% | +0.45% |
Current DrawdownCurrent decline from peak | -5.33% | -6.59% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -11.98% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.62% | -0.23% |
Volatility
ALBAX vs. JDESX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) and JPMorgan U.S. Research Enhanced Equity Fund (JDESX) have volatilities of 5.11% and 5.37%, 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.
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Volatility by Period
| ALBAX | JDESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.37% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.33% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 18.37% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 18.82% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 19.74% | -2.52% |