PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
ALBAX vs. PMYYX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.01%
12.75%
ALBAX
PMYYX

Returns By Period

In the year-to-date period, ALBAX achieves a 20.30% return, which is significantly lower than PMYYX's 27.34% return. Over the past 10 years, ALBAX has outperformed PMYYX with an annualized return of 12.21%, while PMYYX has yielded a comparatively lower 11.05% annualized return.


ALBAX

YTD

20.30%

1M

-0.22%

6M

8.01%

1Y

25.63%

5Y (annualized)

14.80%

10Y (annualized)

12.21%

PMYYX

YTD

27.34%

1M

1.41%

6M

12.75%

1Y

31.80%

5Y (annualized)

12.65%

10Y (annualized)

11.05%

Key characteristics


ALBAXPMYYX
Sharpe Ratio2.242.54
Sortino Ratio3.023.38
Omega Ratio1.411.47
Calmar Ratio3.272.94
Martin Ratio14.8116.63
Ulcer Index1.71%1.88%
Daily Std Dev11.27%12.30%
Max Drawdown-40.56%-35.25%
Current Drawdown-1.98%-1.75%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ALBAX vs. PMYYX - Expense Ratio Comparison

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

Correlation

-0.50.00.51.01.0

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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for ALBAX, currently valued at 2.24, compared to the broader market-1.000.001.002.003.004.005.002.242.54
The chart of Sortino ratio for ALBAX, currently valued at 3.02, compared to the broader market0.005.0010.003.023.38
The chart of Omega ratio for ALBAX, currently valued at 1.41, compared to the broader market1.002.003.004.001.411.47
The chart of Calmar ratio for ALBAX, currently valued at 3.27, compared to the broader market0.005.0010.0015.0020.0025.003.272.94
The chart of Martin ratio for ALBAX, currently valued at 14.81, compared to the broader market0.0020.0040.0060.0080.00100.0014.8116.63
ALBAX
PMYYX

The current ALBAX Sharpe Ratio is 2.24, which is comparable to the PMYYX Sharpe Ratio of 2.54. 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 Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.24
2.54
ALBAX
PMYYX

Dividends

ALBAX vs. PMYYX - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.04%, more than PMYYX's 0.75% yield.


TTM20232022202120202019201820172016201520142013
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%
PMYYX
Putnam Multi-Cap Core Fund
0.75%0.95%0.32%0.99%1.07%1.74%0.00%1.44%1.21%2.29%2.15%10.12%

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%JuneJulyAugustSeptemberOctoberNovember
-1.98%
-1.75%
ALBAX
PMYYX

Volatility

ALBAX vs. PMYYX - Volatility Comparison

The current volatility for Alger Growth & Income Fund (ALBAX) is 3.51%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.29%. 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%JuneJulyAugustSeptemberOctoberNovember
3.51%
4.29%
ALBAX
PMYYX