ALBAX vs. SILVX
ALBAX (Alger Growth & Income Fund) and SILVX (SGI U.S. Large Equity Fund) are both Large Cap Blend Equities funds. Over the past 10 years, ALBAX returned 14.90%/yr vs 10.34%/yr for SILVX. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.98% expense ratio.
Performance
ALBAX vs. SILVX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ALBAX having a 12.10% return and SILVX slightly lower at 11.62%. Over the past 10 years, ALBAX has outperformed SILVX with an annualized return of 14.90%, while SILVX has yielded a comparatively lower 10.34% annualized return.
ALBAX
- 1D
- 1.44%
- 1M
- -0.39%
- 6M
- 9.72%
- YTD
- 12.10%
- 1Y
- 26.12%
- 3Y*
- 19.66%
- 5Y*
- 13.53%
- 10Y*
- 14.90%
- ALL TIME*
- 10.01%
SILVX
- 1D
- 0.82%
- 1M
- 0.26%
- 6M
- 7.28%
- YTD
- 11.62%
- 1Y
- 20.78%
- 3Y*
- 14.32%
- 5Y*
- 7.85%
- 10Y*
- 10.34%
- ALL TIME*
- 11.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALBAX vs. SILVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 12.10% | 19.89% | 21.81% | 22.60% | -14.12% | 30.79% | 15.22% | 28.92% | -4.72% | 20.18% |
SILVX SGI U.S. Large Equity Fund | 11.62% | 8.89% | 17.65% | 10.43% | -12.99% | 17.31% | 11.48% | 29.22% | 0.19% | 16.43% |
Correlation
The correlation between ALBAX and SILVX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.86 |
Over the past year, the correlation between ALBAX and SILVX has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
ALBAX vs. SILVX — Risk / Return Rank
ALBAX
SILVX
ALBAX vs. SILVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and SGI U.S. Large Equity Fund (SILVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALBAX | SILVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.50 | +0.54 |
| Martin ratioReturn relative to average drawdown | 12.95 | 11.23 | +1.73 |
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Drawdowns
ALBAX vs. SILVX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, which is greater than SILVX's maximum drawdown of -31.29%. Use the drawdown chart below to compare losses from any high point for ALBAX and SILVX.
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Drawdown Indicators
| ALBAX | SILVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -31.29% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -7.87% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -12.12% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -21.21% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -31.29% | -2.97% |
Current DrawdownCurrent decline from peak | -1.66% | -0.15% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -3.57% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.75% | +0.09% |
Volatility
ALBAX vs. SILVX - Volatility Comparison
Alger Growth & Income Fund (ALBAX) has a higher volatility of 3.23% compared to SGI U.S. Large Equity Fund (SILVX) at 2.47%. This indicates that ALBAX's price experiences larger fluctuations and is considered to be riskier than SILVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALBAX | SILVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.47% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 6.97% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 9.33% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 13.20% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 14.95% | +2.30% |
ALBAX vs. SILVX - Expense Ratio Comparison
Both ALBAX and SILVX have an expense ratio of 0.98%.
Dividends
ALBAX vs. SILVX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 0.72%, less than SILVX's 7.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 0.72% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
SILVX SGI U.S. Large Equity Fund | 7.95% | 8.87% | 23.03% | 4.68% | 4.09% | 15.68% | 0.61% | 4.37% | 4.43% | 7.34% | 2.61% | 7.04% |
Frequently Asked Questions
ALBAX and SILVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALBAX has higher volatility (3.23%) compared to SILVX (2.47%). In terms of maximum drawdown, ALBAX dropped -40.56% vs SILVX's -31.29%.
SILVX currently has the higher Sharpe Ratio (2.11 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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