ALBAX vs. VOO
Compare and contrast key facts about Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO).
ALBAX is managed by Alger. It was launched on Dec 31, 1996. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALBAX or VOO.
Key characteristics
| ALBAX | VOO | |
|---|---|---|
| YTD Return | 18.14% | 21.11% |
| 1Y Return | 28.07% | 32.98% |
| 3Y Return (Ann) | 8.66% | 8.44% |
| 5Y Return (Ann) | 14.58% | 15.04% |
| 10Y Return (Ann) | 12.22% | 12.94% |
| Sharpe Ratio | 2.58 | 2.84 |
| Sortino Ratio | 3.43 | 3.76 |
| Omega Ratio | 1.47 | 1.53 |
| Calmar Ratio | 3.73 | 4.05 |
| Martin Ratio | 17.17 | 18.51 |
| Ulcer Index | 1.68% | 1.85% |
| Daily Std Dev | 11.21% | 12.06% |
| Max Drawdown | -40.56% | -33.99% |
| Current Drawdown | -2.80% | -2.52% |
Correlation
The correlation between ALBAX and VOO is 0.98, 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. VOO - Performance Comparison
In the year-to-date period, ALBAX achieves a 18.14% return, which is significantly lower than VOO's 21.11% return. Over the past 10 years, ALBAX has underperformed VOO with an annualized return of 12.22%, while VOO has yielded a comparatively higher 12.94% annualized return. 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. VOO - Expense Ratio Comparison
ALBAX has a 0.98% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ALBAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ALBAX's dividend yield for the trailing twelve months is around 1.06%, less than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ALBAX vs. VOO - Drawdown Comparison
The maximum ALBAX drawdown since its inception was -40.56%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ALBAX and VOO. For additional features, visit the drawdowns tool.
Volatility
ALBAX vs. VOO - Volatility Comparison
Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.02% and 3.15%, 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.