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.
Key characteristics
| ALBAX | MRGAX | |
|---|---|---|
| YTD Return | 18.14% | 17.91% |
| 1Y Return | 28.07% | 29.78% |
| 3Y Return (Ann) | 8.66% | 6.57% |
| 5Y Return (Ann) | 14.58% | 13.63% |
| 10Y Return (Ann) | 12.22% | 12.61% |
| Sharpe Ratio | 2.58 | 2.80 |
| Sortino Ratio | 3.43 | 3.78 |
| Omega Ratio | 1.47 | 1.52 |
| Calmar Ratio | 3.73 | 3.73 |
| Martin Ratio | 17.17 | 18.38 |
| Ulcer Index | 1.68% | 1.84% |
| Daily Std Dev | 11.21% | 12.06% |
| Max Drawdown | -40.56% | -53.66% |
| Current Drawdown | -2.80% | -1.81% |
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.
Performance
ALBAX vs. MRGAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with ALBAX having a 18.14% return and MRGAX slightly lower at 17.91%. Both investments have delivered pretty close results over the past 10 years, with ALBAX having a 12.22% annualized return and MRGAX not far ahead at 12.61%. 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. MRGAX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than MRGAX's 0.93% expense ratio.
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 1.06%, less than MRGAX's 2.15% 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% |
MRGAX MFS Core Equity Fund | 2.15% | 2.54% | 3.83% | 7.28% | 1.54% | 1.82% | 11.09% | 6.80% | 3.65% | 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
Alger Growth & Income Fund (ALBAX) and MFS Core Equity Fund (MRGAX) have volatilities of 3.02% and 2.92%, 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.