ALBAX vs. JDESX

Last updated Jun 23, 2026

ALBAX (Alger Growth & Income Fund) and JDESX (JPMorgan U.S. Research Enhanced Equity Fund) are both Large Cap Blend Equities funds. Over the past 10 years, ALBAX returned 15.46%/yr vs 16.14%/yr for JDESX. Their correlation of 0.94 suggests significant overlap in exposure. ALBAX charges 0.98%/yr vs 0.35%/yr for JDESX.

Performance

ALBAX vs. JDESX - Performance Comparison

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

Returns By Period

In the year-to-date period, ALBAX achieves a 13.01% return, which is significantly higher than JDESX's 8.04% return. Both investments have delivered pretty close results over the past 10 years, with ALBAX having a 15.46% annualized return and JDESX not far ahead at 16.14%.

ALBAX

• 1D: 1.19%
• 1M: 0.96%
• YTD: 13.01%
• 6M: 12.68%
• 1Y: 33.41%
• 3Y*: 21.55%
• 5Y*: 15.10%
• 10Y*: 15.46%

JDESX

• 1D: 1.01%
• 1M: 0.43%
• YTD: 8.04%
• 6M: 7.59%
• 1Y: 24.14%
• 3Y*: 21.82%
• 5Y*: 14.85%
• 10Y*: 16.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALBAX vs. JDESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALBAX Alger Growth & Income Fund	13.01%	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	8.04%	16.33%	31.02%	28.23%	-18.15%	30.35%	20.65%	31.16%	-5.53%	21.49%

Correlation

The correlation between ALBAX and JDESX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 31, 1997	0.94

The correlation between ALBAX and JDESX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

ALBAX vs. JDESX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALBAX

ALBAX Risk / Return Rank: 86
ALBAX Sharpe Ratio Rank: 87
ALBAX Sortino Ratio Rank: 83
ALBAX Omega Ratio Rank: 79
ALBAX Calmar Ratio Rank: 89
ALBAX Martin Ratio Rank: 93

JDESX

JDESX Risk / Return Rank: 53
JDESX Sharpe Ratio Rank: 51
JDESX Sortino Ratio Rank: 48
JDESX Omega Ratio Rank: 51
JDESX Calmar Ratio Rank: 51
JDESX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALBAX	JDESX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.96	+0.68
Sortino ratio: Return per unit of downside risk	3.61	2.67	+0.94
Omega ratio: Gain probability vs. loss probability	1.47	1.36	+0.11
Calmar ratio: Return relative to maximum drawdown	4.21	2.60	+1.61
Martin ratio: Return relative to average drawdown	18.61	11.67	+6.94

ALBAX vs. JDESX - Sharpe Ratio Comparison

The current ALBAX Sharpe Ratio is 2.64, which is higher than the JDESX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of ALBAX and JDESX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ALBAX	JDESX	Difference
Max Drawdown Largest peak-to-trough decline	-40.56%	-54.56%	+14.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-9.22%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.65%	-18.85%	+1.20%
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 Drawdown Current decline from peak	-0.74%	-1.31%	+0.57%
Average Drawdown Average peak-to-trough decline	-7.33%	-11.90%	+4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.05%	-0.28%

Volatility

ALBAX vs. JDESX - Volatility Comparison

The current volatility for Alger Growth & Income Fund (ALBAX) is 4.39%, while JPMorgan U.S. Research Enhanced Equity Fund (JDESX) has a volatility of 4.67%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than JDESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALBAX	JDESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.67%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	9.69%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	12.26%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	18.87%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	19.78%	-2.50%

ALBAX vs. JDESX - Expense Ratio Comparison

ALBAX has a 0.98% expense ratio, which is higher than JDESX's 0.35% expense ratio.

Dividends

ALBAX vs. JDESX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 0.72%, less than JDESX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALBAX Alger Growth & Income Fund	0.72%	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	4.93%	5.33%	11.20%	1.23%	2.79%	12.94%	3.89%	11.29%	14.15%	1.39%	1.40%	5.56%

Frequently Asked Questions

Can I hold both ALBAX and JDESX in my portfolio?

With a correlation of 0.93, ALBAX and JDESX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ALBAX or JDESX?

JDESX has higher volatility (4.67%) compared to ALBAX (4.39%). In terms of maximum drawdown, ALBAX dropped -40.56% vs JDESX's -54.56%.

Which has better risk-adjusted returns?

ALBAX currently has the higher Sharpe Ratio (2.63 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.