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

Key characteristics


ALBAXMIGFX
YTD Return22.39%18.45%
1Y Return30.55%23.21%
3Y Return (Ann)10.00%1.20%
5Y Return (Ann)15.23%7.37%
10Y Return (Ann)12.53%7.56%
Sharpe Ratio2.871.99
Sortino Ratio3.832.67
Omega Ratio1.531.37
Calmar Ratio4.221.50
Martin Ratio19.3911.30
Ulcer Index1.68%2.21%
Daily Std Dev11.30%12.48%
Max Drawdown-40.56%-61.53%
Current Drawdown-0.28%-0.24%

Correlation

-0.50.00.51.00.9

The correlation between ALBAX and MIGFX is 0.93, 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. MIGFX - Performance Comparison

In the year-to-date period, ALBAX achieves a 22.39% return, which is significantly higher than MIGFX's 18.45% return. Over the past 10 years, ALBAX has outperformed MIGFX with an annualized return of 12.53%, while MIGFX has yielded a comparatively lower 7.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.97%
9.82%
ALBAX
MIGFX

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ALBAX vs. MIGFX - Expense Ratio Comparison

ALBAX has a 0.98% expense ratio, which is higher than MIGFX's 0.70% 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 MIGFX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%

Risk-Adjusted Performance

ALBAX vs. MIGFX - Risk-Adjusted Performance 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.


ALBAX
Sharpe ratio
The chart of Sharpe ratio for ALBAX, currently valued at 2.87, compared to the broader market0.002.004.002.87
Sortino ratio
The chart of Sortino ratio for ALBAX, currently valued at 3.83, compared to the broader market0.005.0010.003.83
Omega ratio
The chart of Omega ratio for ALBAX, currently valued at 1.53, compared to the broader market1.002.003.004.001.53
Calmar ratio
The chart of Calmar ratio for ALBAX, currently valued at 4.22, compared to the broader market0.005.0010.0015.0020.0025.004.22
Martin ratio
The chart of Martin ratio for ALBAX, currently valued at 19.39, compared to the broader market0.0020.0040.0060.0080.00100.0019.39
MIGFX
Sharpe ratio
The chart of Sharpe ratio for MIGFX, currently valued at 1.99, compared to the broader market0.002.004.001.99
Sortino ratio
The chart of Sortino ratio for MIGFX, currently valued at 2.67, compared to the broader market0.005.0010.002.67
Omega ratio
The chart of Omega ratio for MIGFX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for MIGFX, currently valued at 1.50, compared to the broader market0.005.0010.0015.0020.0025.001.50
Martin ratio
The chart of Martin ratio for MIGFX, currently valued at 11.30, compared to the broader market0.0020.0040.0060.0080.00100.0011.30

ALBAX vs. MIGFX - Sharpe Ratio Comparison

The current ALBAX Sharpe Ratio is 2.87, which is higher than the MIGFX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of ALBAX and MIGFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.87
1.99
ALBAX
MIGFX

Dividends

ALBAX vs. MIGFX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.02%, more than MIGFX's 0.35% yield.


TTM20232022202120202019201820172016201520142013
ALBAX
Alger Growth & Income Fund
1.02%1.29%1.24%0.85%1.20%1.46%1.64%1.19%1.53%1.57%1.78%1.60%
MIGFX
MFS Massachusetts Investors Growth Stock Fund
0.35%0.41%0.44%0.18%0.15%0.27%1.08%0.89%0.80%0.92%4.42%2.00%

Drawdowns

ALBAX vs. MIGFX - Drawdown Comparison

The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum MIGFX drawdown of -61.53%. Use the drawdown chart below to compare losses from any high point for ALBAX and MIGFX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.28%
-0.24%
ALBAX
MIGFX

Volatility

ALBAX vs. MIGFX - Volatility Comparison

Alger Growth & Income Fund (ALBAX) and MFS Massachusetts Investors Growth Stock Fund (MIGFX) have volatilities of 3.50% and 3.52%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.50%
3.52%
ALBAX
MIGFX