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

Performance

ALBAX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Growth & Income Fund (ALBAX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.15%
12.17%
ALBAX
VOO

Returns By Period

In the year-to-date period, ALBAX achieves a 20.46% return, which is significantly lower than VOO's 25.48% return. Over the past 10 years, ALBAX has underperformed VOO with an annualized return of 12.23%, while VOO has yielded a comparatively higher 13.15% annualized return.


ALBAX

YTD

20.46%

1M

-0.59%

6M

7.77%

1Y

25.45%

5Y (annualized)

14.86%

10Y (annualized)

12.23%

VOO

YTD

25.48%

1M

0.99%

6M

11.84%

1Y

31.84%

5Y (annualized)

15.62%

10Y (annualized)

13.15%

Key characteristics


ALBAXVOO
Sharpe Ratio2.332.69
Sortino Ratio3.133.59
Omega Ratio1.421.50
Calmar Ratio3.403.89
Martin Ratio15.4417.64
Ulcer Index1.70%1.86%
Daily Std Dev11.29%12.20%
Max Drawdown-40.56%-33.99%
Current Drawdown-1.85%-1.40%

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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.


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 VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.01.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for ALBAX, currently valued at 2.33, compared to the broader market0.002.004.002.332.69
The chart of Sortino ratio for ALBAX, currently valued at 3.13, compared to the broader market0.005.0010.003.133.59
The chart of Omega ratio for ALBAX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.50
The chart of Calmar ratio for ALBAX, currently valued at 3.40, compared to the broader market0.005.0010.0015.0020.0025.003.403.89
The chart of Martin ratio for ALBAX, currently valued at 15.44, compared to the broader market0.0020.0040.0060.0080.00100.0015.4417.64
ALBAX
VOO

The current ALBAX Sharpe Ratio is 2.33, which is comparable to the VOO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of ALBAX and VOO, 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
2.33
2.69
ALBAX
VOO

Dividends

ALBAX vs. VOO - Dividend Comparison

ALBAX's dividend yield for the trailing twelve months is around 1.04%, less than VOO's 1.25% 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%
VOO
Vanguard S&P 500 ETF
1.25%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.85%
-1.40%
ALBAX
VOO

Volatility

ALBAX vs. VOO - Volatility Comparison

The current volatility for Alger Growth & Income Fund (ALBAX) is 3.52%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that ALBAX experiences smaller price fluctuations and is considered to be less risky than VOO 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
3.52%
4.10%
ALBAX
VOO