ALBAX vs. SMGIX
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Columbia Contrarian Core Fund (SMGIX).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. SMGIX is managed by Columbia Threadneedle. It was launched on Dec 14, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or SMGIX.
Performance
ALBAX vs. SMGIX - Performance Comparison
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Key characteristics
ALBAX:
0.57
SMGIX:
0.57
ALBAX:
0.93
SMGIX:
0.92
ALBAX:
1.13
SMGIX:
1.13
ALBAX:
0.60
SMGIX:
0.58
ALBAX:
2.22
SMGIX:
2.09
ALBAX:
4.76%
SMGIX:
5.48%
ALBAX:
18.19%
SMGIX:
20.15%
ALBAX:
-62.56%
SMGIX:
-50.62%
ALBAX:
-0.41%
SMGIX:
-0.31%
Returns By Period
In the year-to-date period, ALBAX achieves a 6.29% return, which is significantly lower than SMGIX's 7.42% return. Over the past 10 years, ALBAX has underperformed SMGIX with an annualized return of 9.23%, while SMGIX has yielded a comparatively higher 13.02% annualized return.
ALBAX
- YTD
- 6.29%
- 1M
- 3.67%
- 6M
- 7.05%
- 1Y
- 10.35%
- 3Y*
- 16.21%
- 5Y*
- 13.68%
- 10Y*
- 9.23%
SMGIX
- YTD
- 7.42%
- 1M
- 4.22%
- 6M
- 7.67%
- 1Y
- 11.36%
- 3Y*
- 20.29%
- 5Y*
- 16.24%
- 10Y*
- 13.02%
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ALBAX vs. SMGIX - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than SMGIX's 0.75% expense ratio.
Risk-Adjusted Performance
ALBAX vs. SMGIX — Risk-Adjusted Performance Rank
ALBAX
SMGIX
ALBAX vs. SMGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Columbia Contrarian Core Fund (SMGIX). 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.
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Correlation
The correlation between ALBAX and SMGIX is 0.92, 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.
Dividends
ALBAX vs. SMGIX - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.08%, less than SMGIX's 9.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALBAX Alger Growth & Income Fund | 1.08% | 1.08% | 1.29% | 1.24% | 4.17% | 2.55% | 5.01% | 6.75% | 2.75% | 1.56% | 4.82% | 5.06% |
SMGIX Columbia Contrarian Core Fund | 9.02% | 9.69% | 3.08% | 10.62% | 13.70% | 7.69% | 5.87% | 10.17% | 5.84% | 1.67% | 5.86% | 7.28% |
Drawdowns
ALBAX vs. SMGIX - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -62.56%, which is greater than SMGIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for ALBAX and SMGIX.
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Volatility
ALBAX vs. SMGIX - Volatility Comparison
The current volatility for Alger Growth & Income Fund (ALBAX) is 2.76%, while Columbia Contrarian Core Fund (SMGIX) has a volatility of 2.94%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than SMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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