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

Correlation

The correlation between ALBAX and PMYYX is 0.95, 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.


-0.50.00.51.00.9

Performance

ALBAX vs. PMYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Growth & Income Fund (ALBAX) and Putnam Multi-Cap Core Fund (PMYYX). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2025February
4.63%
1.39%
ALBAX
PMYYX

Key characteristics

Sharpe Ratio

ALBAX:

1.39

PMYYX:

1.05

Sortino Ratio

ALBAX:

1.87

PMYYX:

1.44

Omega Ratio

ALBAX:

1.25

PMYYX:

1.20

Calmar Ratio

ALBAX:

2.14

PMYYX:

1.64

Martin Ratio

ALBAX:

8.73

PMYYX:

4.52

Ulcer Index

ALBAX:

1.90%

PMYYX:

3.08%

Daily Std Dev

ALBAX:

11.93%

PMYYX:

13.28%

Max Drawdown

ALBAX:

-40.56%

PMYYX:

-35.25%

Current Drawdown

ALBAX:

-4.02%

PMYYX:

-7.46%

Returns By Period

In the year-to-date period, ALBAX achieves a 0.18% return, which is significantly higher than PMYYX's -0.53% return. Both investments have delivered pretty close results over the past 10 years, with ALBAX having a 10.03% annualized return and PMYYX not far ahead at 10.17%.


ALBAX

YTD

0.18%

1M

-2.76%

6M

4.63%

1Y

16.90%

5Y*

15.27%

10Y*

10.03%

PMYYX

YTD

-0.53%

1M

-3.70%

6M

1.39%

1Y

13.58%

5Y*

13.82%

10Y*

10.17%

*Annualized

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ALBAX vs. PMYYX - Expense Ratio Comparison

ALBAX has a 0.98% expense ratio, which is higher than PMYYX's 0.71% expense ratio.


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 PMYYX: current value at 0.71% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.71%

Risk-Adjusted Performance

ALBAX vs. PMYYX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALBAX
The Risk-Adjusted Performance Rank of ALBAX is 8181
Overall Rank
The Sharpe Ratio Rank of ALBAX is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of ALBAX is 7575
Sortino Ratio Rank
The Omega Ratio Rank of ALBAX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of ALBAX is 8888
Calmar Ratio Rank
The Martin Ratio Rank of ALBAX is 8787
Martin Ratio Rank

PMYYX
The Risk-Adjusted Performance Rank of PMYYX is 6666
Overall Rank
The Sharpe Ratio Rank of PMYYX is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of PMYYX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of PMYYX is 6262
Omega Ratio Rank
The Calmar Ratio Rank of PMYYX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of PMYYX is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ALBAX vs. PMYYX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Putnam Multi-Cap Core Fund (PMYYX). 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.


The chart of Sharpe ratio for ALBAX, currently valued at 1.39, compared to the broader market-1.000.001.002.003.004.001.391.05
The chart of Sortino ratio for ALBAX, currently valued at 1.87, compared to the broader market0.002.004.006.008.0010.0012.001.871.44
The chart of Omega ratio for ALBAX, currently valued at 1.25, compared to the broader market1.002.003.004.001.251.20
The chart of Calmar ratio for ALBAX, currently valued at 2.14, compared to the broader market0.005.0010.0015.002.141.64
The chart of Martin ratio for ALBAX, currently valued at 8.73, compared to the broader market0.0020.0040.0060.0080.008.734.52
ALBAX
PMYYX

The current ALBAX Sharpe Ratio is 1.39, which is higher than the PMYYX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ALBAX and PMYYX, 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 Ratio1.001.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.39
1.05
ALBAX
PMYYX

Dividends

ALBAX vs. PMYYX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.07%, more than PMYYX's 0.73% yield.


TTM20242023202220212020201920182017201620152014
ALBAX
Alger Growth & Income Fund
1.07%1.08%1.29%1.24%0.85%1.20%1.46%1.64%1.19%1.53%1.57%1.78%
PMYYX
Putnam Multi-Cap Core Fund
0.73%0.73%0.95%0.32%0.99%1.07%1.74%0.00%1.44%1.21%2.29%2.15%

Drawdowns

ALBAX vs. PMYYX - Drawdown Comparison

The maximum ALBAX drawdown since its inception was -40.56%, which is greater than PMYYX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for ALBAX and PMYYX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-4.02%
-7.46%
ALBAX
PMYYX

Volatility

ALBAX vs. PMYYX - Volatility Comparison

The current volatility for Alger Growth & Income Fund (ALBAX) is 2.92%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 3.32%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
2.92%
3.32%
ALBAX
PMYYX