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 Chase. It was launched on Sep 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or JDESX.
Key characteristics
| ALBAX | JDESX | |
|---|---|---|
| YTD Return | 18.14% | 22.05% |
| 1Y Return | 28.07% | 33.71% |
| 3Y Return (Ann) | 8.66% | 9.28% |
| 5Y Return (Ann) | 14.58% | 16.40% |
| 10Y Return (Ann) | 12.22% | 12.26% |
| Sharpe Ratio | 2.58 | 2.88 |
| Sortino Ratio | 3.43 | 3.84 |
| Omega Ratio | 1.47 | 1.54 |
| Calmar Ratio | 3.73 | 2.50 |
| Martin Ratio | 17.17 | 19.38 |
| Ulcer Index | 1.68% | 1.80% |
| Daily Std Dev | 11.21% | 12.11% |
| Max Drawdown | -40.56% | -54.25% |
| Current Drawdown | -2.80% | -2.40% |
Correlation
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 18.14% return, which is significantly lower than JDESX's 22.05% return. Both investments have delivered pretty close results over the past 10 years, with ALBAX having a 12.22% annualized return and JDESX not far ahead at 12.26%. 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. JDESX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than JDESX's 0.35% expense ratio.
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.
Dividends
ALBAX vs. JDESX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.06%, more than JDESX's 1.04% 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% |
JDESX JPMorgan U.S. Research Enhanced Equity Fund | 1.04% | 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 -54.25%. Use the drawdown chart below to compare losses from any high point for ALBAX and JDESX. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. JDESX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) and JPMorgan U.S. Research Enhanced Equity Fund (JDESX) have volatilities of 3.02% and 3.17%, 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.