ALBAX vs. MRGAX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and MFS Core Equity Fund (MRGAX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. MRGAX is managed by MFS. It was launched on Jan 2, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or MRGAX.
Performance
ALBAX vs. MRGAX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ALBAX having a 20.43% return and MRGAX slightly higher at 20.99%. Both investments have delivered pretty close results over the past 10 years, with ALBAX having a 12.23% annualized return and MRGAX not far ahead at 12.73%.
ALBAX
20.43%
-0.62%
8.03%
26.25%
14.81%
12.23%
MRGAX
20.99%
0.75%
9.19%
28.76%
13.86%
12.73%
Key characteristics
| ALBAX | MRGAX | |
|---|---|---|
| Sharpe Ratio | 2.34 | 2.41 |
| Sortino Ratio | 3.14 | 3.27 |
| Omega Ratio | 1.42 | 1.44 |
| Calmar Ratio | 3.41 | 3.79 |
| Martin Ratio | 15.53 | 15.70 |
| Ulcer Index | 1.70% | 1.85% |
| Daily Std Dev | 11.31% | 12.11% |
| Max Drawdown | -40.56% | -53.66% |
| Current Drawdown | -1.88% | -2.15% |
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ALBAX vs. MRGAX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than MRGAX's 0.93% expense ratio.
Correlation
The correlation between ALBAX and MRGAX 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.
Risk-Adjusted Performance
ALBAX vs. MRGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and MFS Core Equity Fund (MRGAX). 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. MRGAX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.04%, more than MRGAX's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.04% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
MRGAX MFS Core Equity Fund | 0.53% | 0.65% | 0.39% | 0.16% | 0.37% | 0.43% | 0.60% | 0.54% | 0.60% | 11.57% | 8.70% | 0.63% |
Drawdowns
ALBAX vs. MRGAX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, smaller than the maximum MRGAX drawdown of -53.66%. Use the drawdown chart below to compare losses from any high point for ALBAX and MRGAX. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. MRGAX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 3.55%, while MFS Core Equity Fund (MRGAX) has a volatility of 4.12%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than MRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.