ALBAX vs. MIGFX
ALBAX (Alger Growth & Income Fund) and MIGFX (MFS Massachusetts Investors Growth Stock Fund) are both mutual funds - ALBAX is a Large Cap Blend Equities fund managed by Alger, while MIGFX is a Large Cap Growth Equities fund managed by MFS. Over the past 10 years, ALBAX returned 14.90%/yr vs 14.08%/yr for MIGFX. Their correlation of 0.93 means they have usually moved in the same direction. ALBAX charges 0.98%/yr vs 0.70%/yr for MIGFX.
Performance
ALBAX vs. MIGFX - Performance Comparison
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Returns By Period
In the year-to-date period, ALBAX achieves a 12.10% return, which is significantly higher than MIGFX's -1.78% return. Over the past 10 years, ALBAX has outperformed MIGFX with an annualized return of 14.90%, while MIGFX has yielded a comparatively lower 14.08% annualized return.
ALBAX
- 1D
- 1.44%
- 1M
- -0.39%
- 6M
- 9.72%
- YTD
- 12.10%
- 1Y
- 26.12%
- 3Y*
- 19.66%
- 5Y*
- 13.53%
- 10Y*
- 14.90%
- ALL TIME*
- 10.01%
MIGFX
- 1D
- 1.34%
- 1M
- 0.92%
- 6M
- -1.02%
- YTD
- -1.78%
- 1Y
- 3.68%
- 3Y*
- 12.93%
- 5Y*
- 8.13%
- 10Y*
- 14.08%
- ALL TIME*
- 7.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALBAX vs. MIGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 12.10% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
MIGFX MFS Massachusetts Investors Growth Stock Fund | -1.78% | 9.97% | 27.25% | 24.13% | -19.20% | 26.06% | 22.55% | 39.89% | 0.81% | 28.68% |
Correlation
The correlation between ALBAX and MIGFX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.93 |
The correlation between ALBAX and MIGFX shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ALBAX vs. MIGFX — Risk / Return Rank
ALBAX
MIGFX
ALBAX vs. MIGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and MFS Massachusetts Investors Growth Stock Fund (MIGFX). 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 | MIGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 0.12 | +2.92 |
| Martin ratioReturn relative to average drawdown | 12.95 | 0.36 | +12.59 |
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Drawdowns
ALBAX vs. MIGFX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum MIGFX drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for ALBAX and MIGFX.
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Drawdown Indicators
| ALBAX | MIGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -61.83% | +21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -13.77% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -18.68% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -26.67% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -32.42% | -1.84% |
Current DrawdownCurrent decline from peak | -1.66% | -3.82% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -18.91% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 4.57% | -2.73% |
Volatility
ALBAX vs. MIGFX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) and MFS Massachusetts Investors Growth Stock Fund (MIGFX) have volatilities of 3.23% and 3.24%, 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 | MIGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.24% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 10.75% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 13.39% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 17.63% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 18.20% | -0.95% |
ALBAX vs. MIGFX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than MIGFX's 0.70% expense ratio.
Dividends
ALBAX vs. MIGFX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.72%, less than MIGFX's 10.79% 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% |
MIGFX MFS Massachusetts Investors Growth Stock Fund | 10.79% | 11.39% | 17.15% | 4.11% | 4.49% | 10.47% | 7.43% | 7.39% | 10.76% | 6.87% | 5.12% | 6.51% |
Frequently Asked Questions
ALBAX and MIGFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIGFX has higher volatility (3.24%) compared to ALBAX (3.23%). In terms of maximum drawdown, ALBAX dropped -40.56% vs MIGFX's -61.83%.
ALBAX currently has the higher Sharpe Ratio (1.84 vs 0.12), 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.
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